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TheRealWalters
Aug 3, 2015 8:59 PM

Leaving a Legacy? LGCY down 18% in 1 day. Short

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LGCY broke down in high volume today, signalling the next step of the downtrend and registering an all-time-low.

The stock finished the day -18.44% only 2 days before earnings with consensus estimates suggesting -$0.09 in earnings.

With the oil sector and price per barrel under heavy selling pressure and with the company suffering a 35% decline in sales over the last quarter, a strong earnings report will be nothing short of a miracle.

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