A negative tech market, today. Apr 10, 2000
NASDAQ -258.25 $4188.20
The second biggest single day loss, ever, for the Naz.
AVNX -21.31 $98.19
ETEK -19.00 $200.50
CIEN -19.50 $113.00
FIBR -19.00 $51.25
SCMR -15.52 $99.98
JDSU -11.75 $110.12
DIGL -10.25 $60.75
LPTHA -4.94 $33.00
LUMM -3.62 $24.38
POCI -2.44 $16.19
API -1.12 $4.62
FBCE -0.51 $5.50
LP has a very low float, and a very big market interest. Many investors trade LPTHA. Today, I expect that we gained a significant increase in our short interest, as the tech sector took heavy losses, across the board. Most of those LPTHA shorts want to own more LPTHA common shares. They want them as cheaply as they can get them. They know the value of this stock. It should be up around $60, based upon what is known about the company, at this time. Lightpath's (and Lightchip's) patents, products, management and governing boards are top notch, and the market is WIDE open with need for them.
We shareholders will greatly benefit from this strong interest in Lightpath Technologies. We will even benefit, from the short interest, in the long run. Hold long to stabilize between $80-$100, and get double your shares, with a likely 2/1 split. Then watch the next rise & the next split. Sell or trade what you need to. Lightpath can make a lot of money. LPTHA can make us a lot of money.
rZ |
