I can not give you a definitive answer. It depends on a few factors but LEI would look a lot healthier around $25 mark than $35. I am LEI shareholder (even if I do not hold LEI at times LEI is a part of my portfolio and is on my trading watch list). I do not feel comfortable with this stock around these levels in current climate. The SP has been pumped up artificially.
Remember this - there are no big news that will be coming from the USA during next 20-30 days. The markets will react to it. It has already started. In the falling market LEI went up by $4 yet their forecast for next 12 months is what they suggested in the report...not impressive. I have opened 2 positions above 36.50.... I am sitting on it at least for 3-4 weeks.
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who knows where its heading ..... not citi !!, page-7
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