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Technology Stocks : Logic Devices
LOGC 7.750+2.6%Jan 7 3:59 PM EST
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To: Benjamin Ing who wrote (112)2/4/1997 12:18:00 AM
From: Spunky Beaver   of 141
 
Don't know why people stopped posting here, because LOGC is worth watching. Not because they are a particularly good company, but becuase their stock value ups and downs have been fairly predictable. Since Jan 1996, they have had price declines of 3-4 months in length punctuated with short sharp increases of 30-35%. Following this reoccurring pattern, I picked up shares @ 2.0625 just before Jan 1, 1997 and I am looking to move them real soon @ 2.75, a better than 30% return. However, this time the increase hasn't been nearly as rapid as the last 4 increases. Oh well, can't complain about a 5 - 6 week return of 30%.
Earnings should have been out a month ago, but this par for the course for LOGC. They are very lazy about reporting earnings. I believe it took them over 2 months to do their last annual report. They are slow to report earnings whether they are good are bad. I think you could probably expect news on Qtr. ending 12/31 in the next week or two.
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