Today is a perfect example............of why I just can't jump into this yet. Typical pattern for LEG. Nice report, one day pop and the sell off resumes. Where this will settle before earnings, I don't know, but I am guessing around one of the old resistance levels of $6.65. I think the earnings report will provide another pop. If there is follow through, I will go long. If there is no follow through (like today), it will be time to short it until the fall.
Since I don't own any shares and am not short any shares, I am just waiting for a trading direction. Today might be providing an answer but I can wait until the earnings report.