Went net long at the open - I think it will be stop gunning / short covering day. The announcement was quite comforting I would think with the groovy 2012. Am sometimes right about these countermoves. I still see the economic forces effecting LEI in a bad way. Not sure if they will raise capital at the release of their results to avoid a potential negative credit rating move.
So i will be out soon, hopefully through $21.
My sentiment is still sell - but not this morning.
LEI Price at posting:
$20.52 Sentiment: LT Sell Disclosure: Held