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Technology Stocks : LTX Corp. (LTXX)

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To: Duane L. Olson who wrote (1755)	11/2/1999 7:57:00 AM
From: Logain Ablar	Read Replies (1) of 2126

Hi Duane: I think that analysis was just a reinforcement for all holders in the stock. Actually yesterday we hit a new yearly high @ 16.75. I use P&F with Dorsey Wright and we hit a new buy signal last week @ $16.5. This with a chart with higher highs and higher lows. WE are in a column of X's and demand is in control. We'd have to go to $15 for supply to be in control but that would only be a shake out pattern. I wouldn't sell now. On the downside: We have support @ $12.5 but I don't see us going below $14 unless the market turns south. We have hard support @ $11.5 the Bullish Support Line. As long as we stay above this the long term trend stays intact. On the upside: We could print $19 this week (if we hit $17 we'll go to $19. I haven't done a longer look. When I entered b/4 last earnings (between 10 and 13) I had a target of $18 but the secondary and drop in book to bill put a damper on this. We're now back on track. If earnings come in @ 12 cents (bloomberg has an 8 cents forecast and I'm assuming the extra shares dilute a little growth from last quarters 11 cents but I'm only guessing here with no quantitive anlaysis so its a pure wild a** guess) and we have a book to bill @ 1.3 or higher I think we'll have an analyst upgrade with potential for more analyst coverage and we'd move to mid 20's b/4 year end. In my risk reward I see $12 as lowest risk (25% risk) and $25 as reward (56% gain) this year. I'm optimistic on the upside with the way testers have been reporting. TER's btb was hurt due to RMBS / INTC issue but its recovering nicely. So while there is still risk with the stock it is still a buy for new positions @ this price using a 2 to 1 gain / loss analysis. Note I'm biased to the upside and have been know to be wrong. Traders would have a stop @ $13.5 and long term holders @ $12. Tim

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