Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (2541)	11/3/1997 12:52:00 PM
From: Gary Youree	Read Replies (1) of 7396

Bought LGTY on the 'advice' of three brokerage firms initiating buys and strong buys this morning. Three of the four underwriters. Montgomery,Cowen, and Interstate/Johnson. little movement at this posting LGTY a recent IPO (OCT 7 sold at 14.5) went to 18 and dropped last week to a low of 13 on low volume. Buy ratings could precede more good news or may take a day or two to start moving. However the low float of 2.2 million could move it fast. Resistance at 15.5 area (50 dma)..but with a 50 day old stock...whats that mean. In at 14 3/4 and 15.

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