Price action on the NASDAQ for LOOK has started to drop just 1...

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!!!