One of my services recommended LFT today under $25.00. It is a Chinese IPO that priced this morning at $17.50, but it opened for trading at $27, then fell as low as $23.25 and now is trading above $34 in after-hours. So why mention it here?
The market was a minefield today, but this stock held fast to it's $6+ premium from it's IPO price and soared once the market reversed it's spike low. There seems to be an LFT everyday, no matter what the general market is doing.
This is the stuff of daytrading. As Ken Kesey said to the Merry Pranksters, you're either on the bus or off the bus.