Lumber Liquidators Jumps After Whitney Tilson Goes From Short To Long

Shares of Lumber Liquidators (LL) are moving higher after known short-seller Whitney Tilson flipped his recommendation to a buy on the shares.

"I'm psyched about the stock I'm recommending in the first issue. It's going to blow a lot of people's minds because it's only the fifth time in my career that I'm going long a stock I was once short. The first four resulted in a double in a year... a triple in a year... a 15-bagger in two years... and a 50-bagger in six years", Tilson wrote on his website while launching a newsletter called the Empire Investment Report. Tilson is referring to shares of Lumber Liquidators, sources tell The Fly.

He recommends buying the stock up to $14, sources say. Shares of Lumber Liquidators were up 76c, or 7%, to $12.24 in premarket trading. Reference Link