flashplayer said:zgolfz85 said:flashplayer said:zgolfz85 said:flashplayer said:flashplayer said:
Still too early to tell but LMB (Limbach holdings) looks as if it may have found a bottom the past week or so and has a decent probability of rising from where it's at ($92) to about $105-110 or higher next month if it can break through and hold $95 by the end of October. From there it will probably bounce on Nov 3 earnings to either the aforementioned range or get slapped back down to $90....or if earnings brings really bad news $80-82 with the likely worst case scenario in the short term $75.
If you want to play it I would set the stop at $88 because past there and it's not a long ride down to $80-82.
Personally I would play it on shares and not options due to low volumes and wide bid ask.
I am hoping this bit of news is a sign of things to come for Limbach along with all the industry relocating to the US. Fingers crossed. I doubled my position today.
https://www.linkedin.com/news/story/nyc-office-space-hottest-since-06-7121225/
Glad I hopped on this ride with ya
It was nice to see it bounce today, I was not expecting it to happen that quick. It's on low volume though so it doesn't give me the warm and fuzzies yet. Still sticking with my original plan. I wouldn't move the stop up yet if you set one.
Moved up to 94.5
Also made a quick 50% on that archer put
I held out for 75% and exited when price crept back up to $13. I was expecting the immediate downside potential to be 12.75 so I got most of what I wanted.
ETA - I am still holding Nov 7 $14 puts though because I could see those still having room to run. Up 35% on those so far.
got stopped out on LMB at 96.5 on half my shares, but I'll take the quick and easy 6% gain. Dropped my stop for the rest back to 94.5