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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Stocks_ who wrote (64462)	1/19/2000 9:04:00 PM
From: DlphcOracl	Read Replies (2) \| Respond to of 108040

Mr. Big and Stocks: You're reading my mind. I think LGTO is a screaming buy at 30, much more so than Lucent at 52. Mr. Big is correct; this is primarily an accounting issue. Their core business and revenue growth remains solid. Problem is, when you sport a high P/E, ANY bad news is greeted with a steep sell-off, particularly if you include the phrase "earnings restatement" in your press release. My opinion, FWIW, is that this stock will behave similarly to NEON. It may have a quick rebound, perhaps up to high 30's; but, if you are patient and willing to hold 6-12 months, this is an easy double from $30.