Q: hi, any idea on the price action for LMN today? I don't see any news. and do you believe a full position could be acquired at these levels?
cheers, Chris
cheers, Chris
5i Research Answer:
There was no news, and to us it looks like investors are selling 'because it is down' or simply on fear due to various reasons previously discussed here. It is hard to catch a falling knife, however. We would be comfortable accumulating into further weakness but would be less inclined to go 'full' right now. It could see some year end pressure.