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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (67881)1/27/2000 11:28:00 AM
From: puborectalis  Read Replies (2) of 108040
 
New position in LGTO....great opportunity in a company growing revenues over 50%.....reminds me of TYC......remarks from RB thread="By: Framer
Reply To: None Thursday, 27 Jan 2000 at 10:18 AM EST
Post # of 1677


Let's face it.

This high flying market brutally punishes any stock that shows any short-term weakness. As it's been said, if you look at any of the stocks recently that have taken big hits because of a variety of indiscretions, you almost across the board see healthy rebounds off thier lows.

NEON TYCO PMTC SPYG IBM LU etc etc

This stock will no doubt fall into this category.

I actually wouldn't mind if it drifted lower, however I doubt it will go below 25. The more time passes and we start looking toward the next Q, investors will begin to forget, and simply look at LGTO as the great value it is.

We may not be at 80 any time soon. but it's a good bet that we'll hit 40, and perhaps beyond in the next 6-12 weeks. Hopefully mngment can generate positive news to offset the bad "


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