LXU trade for 5/6/2016

Posted By JM on May 6, 2016 | 0 comments

Insane moves of -35% in stock price one day and +35% the next are ridiculous in my opinion. That's what happened in $LXU (LSB Industries stock) the past 2 days. It tanked on bad earnings and got upgraded by 2 firms today to strong buys.

We bottom picked it yesterday and today we shorted the squeeze near the top. The guidance yesterday provided by $LXU was pretty bad so a move of +35% on upgrades today was asinine. Shorted into strength....and we covered into weakness. Contrarian trading at its best.
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Net Profit: $2,782


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