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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Daniel Mack who wrote (17151)12/22/1999 1:39:00 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
12k sitting on 9 3/4 on LPTHA. Right at the open, there were large short positions around 9 3/4. . which pushed the price down to the low 9s. . . however, this did little to scare off buyers and the stock has been slowly bidding up throughout the day on low volume.

Buying up the 12,000 shares at 9 3/4 will bring a loss to the short seller / Market Maker that has been holding sell pressure on the stock. I may have to make a few calls. . .and spank that short hard one time. We need this stock to hold over 10 dollars, or it will not look as pretty to funds and larger investors.

LPTHA is worthy of the same sort of accumulation that HEAR has been receiving. . . at least to the mid teens. . .until we get that news. . .we have been awaiting.

Rande Is