Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Leasing Solutions (LSN) -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (9)	10/22/1998 7:21:00 PM
From: Andrew Martin	Respond to of 33

Kendall, I think this is a buying opportunity if I ever saw one. With all the short shares outstanding lowering the $1.57 estimate by 10 cents doesn't justify a %50 decline. The dollar has weakened substantially so this should help overseas revenue which I believe is the source of the lower estimate. I'll probably buy in the morning. Anything below 10 is a buy. Hopefully I'll have a chance before the covering. With a relatively small float there is a chance of a near-term short squeeze -but not much. Regards, -Andrew.

To: kendall harmon who wrote (9)	10/22/1998 11:34:00 PM
From: LoLoLoLita	Read Replies (1) \| Respond to of 33

I'm in at 9 1/2. Happy as can be! LSN is a cash cow. These are my favorite plays. Have done it recently with CCMC, REV, MTC, INFM, PSQL, and DSTM (only yesterday). Warning! You need a strong stomach to jump in and buy these on the day of the crash, and the willingness and ability to make it a long-term hold. The short interest is the icing on the cake here. From today's departure from previous (Oct. 7) guidance that they are on track to meet estimates, coupled with the delay in earnings, i conclude that the most likely reason is an argument with their accountant over GAAP. Worst-case (IMO) is that have to do some one-time charges to clean up the balance sheet. Other possibility is that they got nailed in the recent "credit crunch." Either way, i'm betting it's a one-time event. Let's just hope that it's not another ADVH or VVUS. I've been in enough of those already. Cheers, David