Thanks guys, I appreciate the comments.
Check out this version of the P&F chart….looking damn bullish to me long term…..
... Morning S.I. Are you out there? LEDS reporting their quarter this week. Any thoughts on what to expect?
Well, from a technical perspective, watch for a breakout from the symmetrical triangle that seems to be forming. Symmetrical triangles are usually continuation patterns…..however, be careful on low volume breakouts to the upside or downside as they could be a head fake. Based on the volume bars inside the triangle, there seems to be some buying going on.
And that is my 5 min analysis on LEDS
Hey Slapshot, I am aware that LEDS will report prior to the opening bell tomorrow. Frankly, I re-entered my position with them a week or so ago (after a nice profit-taking exit earlier), based on some very positive information in various small cap commentaries. Today I see the normal hedging in commentary as folks are voicing both sides of the earnings possibilities, and comments from both sides saying "and here is what will happen if...................." My thought is that it could be a disappointing earnings with a minor miss, but then again it might meet or exceed all expectations. I'm betting on the latter, and am willing to take my lumps if it falls off a bit on sour reports................. So, how is that for circumventing your question?
Suck Eggs Shorty!!!