re: Ann: UPDATED TRANSIT RECEIVES STATE APPRO...
Exberliner1
True... smart $$ have moved in early. I'm more of a laggard just discovered this stock 2 months ago.
I actually swing trade a lot more rather than holding LT. Had some good up side on the previous ride with a tight stop loss. I see opportunity to get in at the mid 60c.
I don't like LT, as you would have seen the SP rose from 60c to 91c and then back to mid 60c again. Even swing trade from breakout of 67c and sell into the mid 80c would generate a good 20-30% return.
If I were to hold until now I'll probably be crying over all the lost opportunity to sell.
Given the volatility of DOW lately and food prices are lower for the past few months, as I said there should be more opportunity within the next few days when the stock consolidates.
cheers
TRH Price at posting:
67.5¢ Sentiment: None Disclosure: Not Held