Sell LJ International

By: ispeculatornew
Date posted: 06.30.2008 (9:40 pm) | Write a Comment  (1 Comment)

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JADE – LJ International (NASDAQ) – (Closing Price – $2.79) 

I recommended LJ International as a speculative pick based on the company finally reporting earnings. However, the company didn’t get a pre-earnings run like I thought and the company reported disappointing results. Therefore, I am going to recommend to sell LJ International.

 Disclaimer: I sold my position in LJ International.

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Tags: LJ International sell recommendation

This entry was posted on Monday, June 30th, 2008 at 9:40 pm and is filed under Free Stock Picks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

1. Comment by admin — July 8, 2008 @ 10:12 pm
   

   I do not think oil will touch $200 a barrel unless there is some sort of major event that disrupts supply (major hurricane through the Gulf of Mexico or Isreal attacking Iran). I actually think oil is way overdue for a correction and the longer speculators continue to push oil up the bigger the eventual fall is going to be.

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