Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: John Cuthbertson who wrote (2283)	6/28/2002 6:14:07 PM
From: pcstel	Read Replies (1) of 2737

Institutional selling is to be expected today. Leap is being removed from the Russell 2000 in the annual re-constitution of the index today, so indexers will be selling. Over 1.8 million shares traded in the last hour of trading. Highest volume in over a month. Meanwhile, PCSA which will be in violation of covenants of their IPCS sub. on Sunday due to subscriber numbers, and could be forced into Bankruptcy as early as next week... traded as much as 16% higher today. Closed unchanged, and only ~600K shares traded hands. On the other hand Xerox Restates $6.4 Billion in revenues and closes down (12.8%) LWIN who reported no news closed down (10.7%) and is down (16.5%) in Afterhours. finance.yahoo.com PCSTEL

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