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To: Time Traveler who wrote (457)	6/24/1998 10:24:00 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 754

<<So are you saying this stock may drop as much as the past couple of weeks. It is amazing to me a company with such size (market cap of $4B+) would be that volatile. Is LLTC considered small cap or mid-cap?>> I see no reason that it couldn't test 60 again, but it depends on the market. It is a mid-cap stock, but the question is large cap, not small cap. The volatility comes from its large institutional ownership of about 92%. When the mutual funds, etc., are buying or selling, their high quantities move the price. However, when they are quiescent, the non-institutional float is much smaller and the price will move easily due to relatively low effective liquidity. Regards, Don