LGF trade for 2/5/2016

Posted By on Feb 5, 2016 | 0 comments


There are stocks that always get punished too bad on earnings day. Today $LGF (LionsGate Entertainment) earnings declined due to poor performance of its theatrical film slate. Traded it many times and saw many aggressive buyers rushing to scoop up stock in the last hour of trading. As a result, we re-bought and added stock on the way up and sold for a nice profit near the end of the day.

Net Profit: +$4,751

lgf

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