Voltaire, you have such good taste.
Here's another Derif I should have included with the other TA message:
Inger letter
by: derif 3/12/00 7:18 pm
Msg: 15881 of 15881
Inger is still bullish on LPTHA and it remains his "small cap pick of the year", the first time he has ever had a "small cap pick of the year", so that should tell you something of his conviction. He alludes to the fact that this is a long term investment for him and he is happy to let the story "develop". Technically, (he is respected for his technical analysis), he sees good support in the mid 50's, about where we are right now. He says he has heard "all sorts of favorable rumors regarding LP" but he chooses not to discuss them. He says he knows it is difficult to continue to buy stocks that have run as much as LP has, but remember that the capitalization is small particularly in light of the possibility that their efforts will be broadly accepted in addition to the eventual successful IPO of LightChip. He says he expects the volatility to continue as the stock increasingly finds a greater following (in magazine articles and on message boards) and then eventually gets brokerage coverage. He says that a listing upgrade to the Nasdaq NMS would obviously be a favorable development when it occurs.
Bottom line, the one source we have which is the closest thing to analyst coverage, (for now), is still bullish.
This info was distilled from his daily briefing, the next Inger letter, which goes into more considerable detail on the names he covers, will be out next Sunday night.
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