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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: Kelton who wrote (1297)	2/12/1999 12:32:00 PM
From: CYBERKEN	Respond to of 2153

I think you are correct. Based on the numbers we have been able to see, LEAH is selling for slightly above cash today, with the oil, Sib Mach operations, and Win-Door.com for free. These situations are rare, but not unheard of. Based on the price activity of the last several weeks I'm convinced that NO news will pop the stock in the short or medium run. Wall Street is simply confused by LEAH. What will push the price (though gradually) is reliable, audited values for earnings and (especially) book value. We should all be very pleased with the recent and future news, if we are truly "long", but the beginning of quality, reliable reporting is what will draw new money in and put the whacko MM's under control. My 2 predictions for today: 1)LEAH has indicated that the earnings will be out in the 1st week of March. I predict about 3 weeks of postponement while certain details are clarified. 2) As audited quarterly numbers are published over the rest of the year, LEAH will return to the $4-6 level by the end of the year. Perhaps we will find ourselves on AMEX by the 4th quarter. Maybe the day-traders should re-consider and leave today.