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

To: nokomis who wrote (12)	10/23/1998 1:58:00 AM
From: LoLoLoLita	Read Replies (2) \| Respond to of 33

You are right about accounting irregularities and how long it takes the stench to clear. I've been in two of those: MWHS about 3-4 years ago, and CD right now. When any company talks about restating results for prior years--watch out! But what i've seen quite a lot of lately, especially with small-cap stocks with thin float, is that when a warning comes out there are enough nervous sellers and triggering of stops that there is a veritable stampede for the exits until someone steps in and starts sucking up the shares. I don't know who was holding a floor for LSN at just below 9 1/2 today, but someone obviously was swallowing all that were offered. But. Whoever it was could change to selling tomorrow. Sometimes it takes just a few days (like TLGD), or sometimes a few weeks to find a bottom: e.g. CCMC, ESCMF, INFM, REV, and NICEY. Or months: USF. Nobody knows. Only time will tell why LSN's earnings are delayed and why the results will not meet consensus estimate. I somehow get the feeling that if mgmt is a bunch of crooks, there would be evidence of such all over. And, since i haven't seen any evidence of malfeasance, i just have to assume they're telling us all that they can at this point. Finally, with the thin float, just a little bit of panic escalates quite rapidly. Breaking 10 put it back to where it was in April 1997. Back then, it didn't stay down there very long at all. quote.yahoo.com Cheers, David