Thursday, March 30, 2017

One Good Trade?

Long time between posts, just waiting to see how the Trump circus shakes out.

Dollar finally showing weakness along with the new Administration.

Interest rates want to stay low.

Housing starts warming up. Complaints of lack of labor.

I found what appears to be the possibility of a good trade in Lumber Liquidators.

This stock crashed a couple years ago due to bad publicity about chemicals in their wood, as I recall.
I don't really give much attention to "news". I watch price.
If this stock gets much above $20/share it has the potential to run up quite sharply, most likely due to short covering.
Recent volume says as much.

Housing news....

Add to strength.


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