Lightpath Technologies: LPTH New WDM player Message Board

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Technology Stocks : Lightpath Technologies: LPTH New WDM player

LPTH 10.21

-17.8%

3:59 PM EST

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To: Michael Dunn who wrote (40)	6/5/1997 11:21:00 AM
From: craig crawford	of 1219

<< What is your view on their balance sheet and valuation? >> I have addressed this here previously. I am not saying to run out and put a large portion of your portfolio in this stock. Actually it would probably be better to wait until it clears $6 or $7 on good volume before buying any at all. (Average daily volume is about 4,000). The short term trend since April looks good though. It is trading above it's 20, 50, 200 DMA (which has recently turned higher). The stock has been in a downtrend since late Jan (when the market peaked) and appears to be breaking that downtrend. I have been following this stock for a month and a half or so and yesterday was the second biggest volume day I have seen. (about 7x daily avg) techstocks.com

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