It has to be frustrating.............for the longs to see this stopped dead in its tracks at $6.00 time after time after time. This drops into the red, comes back, hits $6.00 hits and the brakes are applied.
Many of you are hoping for the opportunity to get your digs in on me. I would too. Unfortunately you won't be able to because when that opportunity arises at around $5.00, I will cover my short and become a long.
I keep hearing week after week how LEG is going to hit $6.50 by the end of the week, how LEG is like a coiled spring ready to uncoil higher and a lot of other hopeful statements. The facts and sentiment point otherwise. The market doesn't care how much hope you have or how optimistic you are or how many rah rah statements are put out there, it is only interested in making money. The many to be made right now is on the short side, plain and simple.
Don't hate the messenger, join the dark side.