London Pacific Group - LPGL doubles... Message Board

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

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To: xcr600 who wrote (306)	4/21/1999 3:53:00 PM
From: still learning	Read Replies (2) of 737

First, I am long in this co. That said, there are many probs w/ LPGL. My position is a very cautious long, and I am out on a limb being in this stock because of numerous overhanging issues: * not very open sharing of info * closely held shares * some recent issues re mgmt team * small track record w/ Internets * crowded field of CMGI wannabes * there are many other better CMGI-like candidates (such as SFE, ICG, to name 2) * LPGL is thinly traded -- recent burst in volume will not make up for the fact that two months ago 15k shares day was avg volume * relatively small float * NETP hasn't even been priced yet, let alone traded * no one seems to know the exact nature of the underlying portfolio (yes, we do have some info) This stock will move a bit with NETP provided NETP trades substantially above IPO price (2x), and more if NETP is a star its first few days. When LPGL reports earnings it will gain some add'l attention and may then start to seee another move beyond the 30s. For right now, I see small moves into the low-mid 30s, unless NETP comes thru w/ the above scenario.

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