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Non-Tech : Invest / LTD

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To: SJS who wrote (13801)8/18/2000 1:35:46 PM
From: Jeffrey Beckman  Read Replies (1) of 14427
 
IIVI is up about 25% today on a Strong Buy. They were in a solid-uptrend (to 50) but the LPWR acquisition invited arbs and shorts. LPWR shares were distributed yesterday, IIVI falling as low as the 25's. Earnings were .30 last Q, no analyst coverage listed (beyond today's) to give further estimates.

Bought some this AM. Nice squeeze on (g).
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