One of the nice things about LTBG is that it is rarely affected by the rest of the market; today was no exception.
To tell you guys the truth, I sold it today, but not because I have any doubts about LTBG's long-term prospects; I really believe in it. It's just that I bought in at $7, and I just couldn't resist cashing out in this bloody market.
One thing that did make me feel a little uneasy was DATM's earnings report; DATM cited slowing demand for PCS equipment. However, this is in regards to equipment, which is probably six months ahead of service roll-outs; and from what I hear, PCS carriers are having a tough time meeting consumer demand, which they say has been greater than they expected. In addition, churn is increasingly being recognized as something of an epidemic in the telecom industry.
Anyway, just a few thoughts. In the short term, do you think it has a chance to break 20? My thinking is: why not? I just sold it today, and I miss it already. Sigh.
Best of luck,
Bruce
P.S., Amazing how little activity there is on this thread isn't it? |
