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LOK 0.0¢

lok looking suspect

  1. yanlin

    3,047 posts.
    Price action on the NASDAQ for LOOK has started to drop just 1 day out from the big profit announcement. As I posted about a week or so ago, I was told to be very careful with this because all the excitement has come about because 2 "reputable" firms put optimistic earnings forecasts out on LOOK. These forecasts were followed by frantic buying activity taking the price from US$2.50 to US$3.49 in a little under 1 month. The selling has already started 1 day out, and I believe will continue once the announcement has been released.

    I understand the NASDAQ was under pressure all day today, but hey it only finished down 1.2% overnight. LOOK was down over 5%!!

    Again, be careful with this one!!!

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