Logpoint Technologies (LGPT) Message Board

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Technology Stocks : Logpoint Technologies (LGPT)

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To: docsox who wrote (92)	5/31/1998 4:03:00 AM
From: Master (Hijacked)	Read Replies (2) of 698

Interday, LGPT tumbled 30% on 20k shares Thursday and 30% on about 50k shares Friday based on shorters trying to shake out sellers and create a weakness in the stock so they can cover- NOT real world selling. To believe that X amount of people all of a sudden decided to dump LGPT based on fundamentals during a 30 minute period out of each 7 hour trading day is fantasy. The CEO's May 28 statement regarding the shorters is reality. Deal with it and you can make money on this stock. BTW, Heres what real world selling and a 30% stock drop looks like based on fundamentals- notice the bad news and 12X normal volume: biz.yahoo.com The flagrant displays by Sharp and Alex and their effects on LGPT's stock price I mentioned in previous posts are fact, not hype. The ONLY relevent, objective issue in LGPT's stock price is the POWER PLAY of LGPT management punching out the news and corresponding buying pressure vs. the shorters desire to cover cheaply. All other factors(EPS, book value, etc.) are irrelevent for now, IMO. Watch the shorts get SQUEEZED Monday as LGPT comes through with more IBM news. The shorts know now the LGPT CEO has put the stock in play... and they are the targets. Sooner or later the shorts will be forced to cover all the way- and that will be the day of the big pop- could be tomorrow!

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