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Strategies & Market Trends : LEXR Lexar Media Buyer Beware
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To: Roger W. Bowen who wrote (18)5/30/2003 7:21:19 PM
From: Michael H  Read Replies (3) of 28
 
I think that the P/E is not a valid metric for LEXR at the moment, since E/S seems to rise at the moment. The insider sales are likely the rest of the VCs cashing in their investments.

I built a position around 4, and I believe the stock would be fairly valued nearer to 12 than to 9, but the market is always more right than you. I put my stops near 7, cashing in what I have got and looking for a lower reentry point if it's going through my stops.

Michael
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