Bam! Down -20%. Someone wants the death stock dead. LPHI, which makes money on death, is getting machine-gunned itself. Yeah, we can thank Cramer for today’s meltdown. He totally killed this stock on Thursday (http://www.cnbc.com/id/15840232?video=1031894432) and basically all he did was repeat Citron Research’s memo and try to explain LPHI’s chart with IBD terms.
LPHI just cleared a multi-month support of 25.13, volume picking up a bit. I would not enter a short here because this -20% decline is a media effect. Rather, try on a relief rally slightly above that new resistance test of 25.13. I realize that last sentence horrible grammer it has yes it. Lol.
