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Non-Tech : London Pacific Group - LPGL doubles...

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To: KaiserSosze who wrote (179)4/16/1999 2:24:00 PM
From: still learning  Read Replies (1) of 737
 
Well they were avg. 12,000 shares a day a week ago, so 250K, while no where near the past few days is not exactly anemic. I think that many -- like myself -- are taking a wait and see attitude toward the inets. Are we in a flight to quality -- v. bad for LPGLY -- as it is certainly not a top-tier, nor hyas it established a good track record, is not very open about its holdings, has a black mark on its past (fraud/RICO), and is generally in its very early formative years, so to speak.

If, OTOH, we are in a brief pause and consolidation, then now is a great oppty. Only hindsight will tell for sure. That's what makes for opptys and risks.

My decision is to sit tight for now and hold what I've got in LPGLY, speculative though it is. I'm sitting on a small gain and am willing to risk that against the upside if/when the ascent resumes. But I am not adding and clearly understand the downside risks.

Also, I am trying to dig up more info, though it is scarce, rather than just believing what is posted here. Too bad Maven didn't see fit to forwrd his info sources, but will plow ahead on my own.
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