LNCR.. I had another problem in one of my favorite stocks. After closing a portion of a long position in LNCR and leaving over a few hundred shares nearly into the close I did what I don't usually do, I removed my stop. Promptly within 10 minutes LNCR just dropped. I have played LNCR for years as a very excellent and vastly profitable play its earnings are fine and this earnings season promises to be even better. However there looks to be that rumor hanging about about HMO payouts and probably some profit taking by some of top staff.
So either LNCR will be a short play on Monday, or a rally will continue as LNCR is a good trading stock albeit with a low float and should catch up again, but if it doesn't then it could be a short. This same thing happened to me in PLT a number of months ago and that became a very profitable recovery although the move down was way sharper. These market s can be very unpredictable so I would urge traders don't lift up your stops near the end of the day,I was wrapping up and LNCR decided to do a swan dive ;-).
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