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Non-Tech : LCS Golf (LCSG) -- Ignore unavailable to you. Want to Upgrade?

To: paulmcg0 who wrote (567)	5/5/1999 10:38:00 PM
From: MARIS ESHLEMAN	Respond to of 626

You are right that this could always be a "pump and dump" but nobody is really getting rich on the fractional moves. I've made over 100% in 5 months. Not great, not bad, about what some of my other positions have done. If this were p&d it would have been shot to 15 and crashed back to 2. Even with yesterday's rise nobody got rich. I agree that at this point there is a great deal of faith (or speculation) behind anybody's investment in LCSG until the filings and reports start to be seen. When they are the buyers should react if the business model and operations appear reasonable. At $ 10 the market cap would be about $60MM. Even if earnings next year are only $1MM a p/e of 60 for a startup inet company is low. Investors are paying $150 for AMZN with a negative p/e. The chart for LCSG looks strong: good support at reasonable points, periodic corrections, tight spreads between bid/ask, no moon shots. I doubt LCSG will replace MSFT in market cap, but if it can rise to a market cap of $ 100MM in 2 yrs based on $5MM revenue (that would be a p/e of only 20) you would still make a 600% return if you bought the stock today. MSFT will not do that. At $ 3 your risk is $3, hardly more than an option premium. At $ 80 for MSFT your risk is...? Using a 6% s/l you'd lose almost $5 (about 2x the price of LCSG). Obviously, you don't own the stock. If you would like to buy some there is ~6MM shares on the market. Your purchase of 1M shares would not move the price. Like any investment you pay your money and take your chances. I've owned good fully compliant stocks where I've lost a whole lot more. We should be due for some sort of update shortly. Stay tuned.