LMFA. 6.23M float. Earnings winner with news of class action settlement have popped this stock up 100% pre-market. Although revenue is down Y/Y earnings are up and wit the settlement the company was able to reduce costs and generate a profit. The stock was up 100% pre-market but has pulled back to long term support at $.66. Resistance is at $1.35 and next level of support down is 0.56 giving this stock a good R/R. Trader Check List Calc = 84 making this a good trade plan. Buy if holds support at the open at $.74-.70 with a $0.62 risk.. Goal would be 20-30% gain and get out around $1
Also will be watching STAF, OGEN, PTIE, ABIL all low float pre-market gainers.
Posted Aug 15, 18 9:13 AMbyEmpSteve
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Earnings
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LMFA
Ended up trading LMFA when it pulled back to 0.64 for the second time which was pre-market suport and had multiday long term suport at 0.64 - 0.60. Got in 500 shares at 0.64 and got out 400 at 0.75 17% gain.. held 100 to see if it could get to $1. It did not and i got out in about 10 min at 0.63 for a loss on the 100 shares held.
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