Hi Redhead,
Not one of the offical Amigos, but I'd like to comment on LIFC, if you don't mind.
Reading the press release allows for some excitement, however, as you noticed they did not include any bottom line. First call and Zacks project .20 loss for the last Q, not yet reported. Once the real numbers are and they are positive, then I'd get excited.
In looking at the charts, month, week, day, 60 min. all show a decreasing RSI and momentum. The day chart, short term shows today's close just under the short term moving average. All others also show trading under the time frame dMA. The stock is somewhat over sold and may very well move up some on good news. I would expect the price to base for a while until the hard numbers come out. Hope this helps, I could be totally wrong too.
Ken W |
