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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 TheGoldenBearon Feb 03, 2015 10:07pm
159 Views
Post# 23393718

RE:RE:RE:RE:RE:Taking some profits here today.

RE:RE:RE:RE:RE:Taking some profits here today.I knew the run up from 2.10 to 2.25 was a pop that would retrace when the day traders exited their awesome days work starting around 2PM. Still, watching the absolute flood of new money into oil stocks has me thinking that this isn't going to be a one day fluke. Also right at the end of the day someone just gobbled up everything from 2.06 to 2.09, which is a nice sign of how people don't want to "miss the boat". Oil did dip to 51.56 this afternoon but has since carried on the same march its been on since mid day Jan 30th. Back at 52.25 as we speak. I think this is going to be an up week, and LEG is going to open up tomorrow just like it did today with a 10 cent pop right off the bat. 2.50 is easily next if oil holds. As for the oil inventory report.....everyone knows what's coming in. Its been priced into the market by anyone with a brain. If selling occurs after numbers come out it's to spook the dummies out of their shares for the inevitable rise in oil prices.


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