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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.


NYSE:LEG - Post by User

Comment by zagorskon Dec 19, 2013 8:35pm
199 Views
Post# 22024930

RE:MustangMatt..............

RE:MustangMatt..............             It looks to me like LEG is trying to make a bottom just above $6.00. Consider the volume of shares that have been sold over the last few weeks and LEG has held pretty steady at around $6.10. These are not shorts but rather americans liquidating their position. Also the buyers are likely longs who know a good thing when they see it and there are lots of buyers.                                                                                                                                                                                            
             The obvious time to have shorted LEG was when it was coming down from its recent move above $7.00.  Myself and others lightened up their long position and I have recently bought back my position at these levels. We just have to get the americans sold out and then things can change very quickly.  When things change you will not get back in.                                                                     
                                                                                                                                                            
              DON'T BE THE SHORT THAT GETS BURNED ON LEG. 
                       

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