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Ducks, This price really continues to move, and on stronger volume today, up nearly another 9%, to close at $9.90, up 80 cents, with an intraday high of $10.50. Given the strong market, the depressed state of Lumonics shares, and the return of buyers' interest in technology issues, your target of $15 to $20 per share within 6 months appears eminently achievable. Remember, the 52-week high for LUM was $27.50, and the impending merger with General Scanning Inc. should give the company new strengths. I would not be surprised to see LUM making all-time new highs before the end of 2000, once the Asian economies are back in major growth mode (albeit recovery from recession/depression levels) and the semiconductor and other manufacturing industries are back in an investment mode. Jay |
