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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper? -- Ignore unavailable to you. Want to Upgrade?

To: FIFO_kid2 who wrote (87)	6/23/1998 6:26:00 PM
From: Leo Francis	Respond to of 186

No, not all. KCM was not selling, but rather the James Knight Estate, which is allowed to sell only 34,000 shares per Q, until they own less than 10%. See 10K. The estate sells every Q. This happens when you have a thinly traded stock. Fundamentals continue to look strong, as LEIX continues to forecast profitability. THIS is a major buying opportunity IMO, and in which I added significantly today at $5 and $5 1/16. Now I will agree, that today's sell off, surprised me as I thought more support would be in place. My guess is today caught a few by surprise, and we'll see a dramatic bounce back. And yes, the liquidity issue goes both ways. But I remain confident, now more than ever, that LEIX still offers a great profit potential. Market cap of under 20 million? That's less than one quarter's sales! Good Trading, LF