I suspect in the near term it will struggle because nearly all small and mid caps are suffering now, because the big players (brokerages, mutual funds, hedge funds, etc.) have been dumping their small/mid caps in a desperate, now failing effort to use the money to prop up the big cap darlings such as ORCL, SUNW. Why? Because those stocks make up the most-followed averages, which is what most retail investors watch to figure out how the market's doing. There's been a terrible small/mid cap bear market for quite a while, masked by the high prices of the Janus 20-type stocks. Eventually, and it may be close, I think that there will be capitulation in the overpriced, "safe haven" stocks, and investors will see how stupid things had become and go back to evaluating value. Then, I think LPAC is the kind of stock that will shine. It's in an expanding business and has good fundamentals.
At least, that's the way I see it, and I'm betting my money that way.
Best wishes,
Ray
P.S. Maybe it's just an ulcer, but I also think I have a gut feeling that LPAC will rebound. The last time I bought it at an average price of 70 cents and sold it at an average price of $6. For good luck, I bought the same number of shares! |
