[hkmurakami]

LC has been bouncing up and down with 5-10% daily changes very frequently ever since the news broke about their security fraud and CEO departure. The 7% change today (given the general market rally today) likely means that the market sees this news as neutral.

[mikestew]

Yeah, I'm not sure exactly what to make of it. Everything else I track is up 3-4% today, so that's why I view 7% as a positive outlook. But as you point out, it's a pretty volatile stock, so it may just be riding the rest of the market and got a little extra bump from volatility.

But personally, I don't try to read tea leaves. Set my stop limits so I don't have to watch it like a hawk, set an alert for the upper limit, and watch LC news strictly for entertainment value. Because thought the story is somewhat interesting, it's not anything we haven't seen before with companies like Tyco and Adelphi.

[hkmurakami]

Ah yes Tyco, that was a fun one...