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LUXE (Lux Energy Corp) Momentum Play
Posted in: Buzz Blog by admin on November 12, 2009
Luxe was a great momentum play today. It made it up to $1.26 and then everyone took profits and it fell off a cliff to .72, while ending up closing at $1.20. What a ride, and by the looks of it this could continue tomorrow. A lot of rumors of a short squeeze are circulating, but you know how those kind of rumors go.
Either way it’s good for a momentum play and LUXE looks like it could be a good way for penny traders to get in and out of these nice swings with some nice profits.