$LL A Good Risk/Reward Setup

We believe the worst is over for $LL.

Well-known investor Whitney Tilson called the Short, but has now gone LONG.

Headlines of Sept 4:

Lumber Liquidators (NYSE:LL) soars after founder Thomas Sullivan presses the company to evaluate strategic options, including a sale.

Sullivan tells Bloomberg he is considering putting a bid together himself with private equity investors. A long-term plan from Sullivan could be to combine Lumber Liquidators with Cabinets To Go, which he founded in 2008.

Sullivan also called out the LL board for overspending.

As always, use protective stops and trade with caution.

Good luck to all!