LITB Revenue Growing - 30%+ Possibility within next 3 months?Hey Guys,
What do you think of this setup here in the chart?
Company did $154.32M in revenue last quarter
SHARES OUTSTANDING 112.64M
PUBLIC FLOAT 107.82M
MARKET CAP $88.59M
Cash & Short Term Investments: $94.57M (Cash Only)
Just alone the cash in hand and SHARES OUTSTANDING worth $0.83 in stock price. And We are currently at a support level.
Trading Idea:
SL: $0.68 (-5%)
TP: $0.98 (36%)
LITB trade ideas
LITB Dip Buy Missed Order didn't fillLITB dipl play tried buy at .77 on Thursday afternoon but order wouldn't fill. The accumulation up from .66 was my sign to buy. But missed this for that reason. May oullback for gap fill to 1.62 but very high risk as its a low float stock can move quick with very little volume.
Long LITB on channel support Long LITB on recent channel support. Price action has moved back down toward the '16 channel on the daily chart and successfully bounced higher. I look for a pop on earnings next week with big upside toward the ~3.50 region. With a shallow stop at $2.70 the risk/reward on this trade is fantastic (3:1). If you follow my 10000 USD base account recommendations I advise taking a 500 share position at $2.90.
Light In The Box - LITB - base formation - China direct retailerThe monthly ranges are highlighted and show the liquidation that has been occurring in LITB shares.
The price seems to have found a base and sales disappointments have been dealt with and shares seem to be back in strong hands.
Relatively speaking, the LITB has done well against the price of stocks in China and against retail in general here in the US.
This is not a well known name, but the chart and the website might intrigue you. I am aware of one happy shopper who recommends shopping at the website for great bargains. See for yourself. I have browsed but not purchased yet.
Tim Jan 30, 2014 11:24AM EST 9.89 last, +0.45