Leadis Technology Inc. (LDIS) Message Board

Sponsor

To: yossarian67 who wrote (3)	6/16/2004 7:01:55 PM
From: VIXandMore	of 12

I'm stunned by this one too. Nice financials (6Q of profits, a current year that looks something like 150M in sales and 30M in income), excellent growth segment (displays for mobile devices), priced at the top of the range, led by Goldman, etc. I'm not sure what else you could hope for. I didn't follow the stock today to see who was doing the trading, but the chart is interesting reading, with lots of selling at 14 early on, then Goldman presumably trying to support it at 13.80, then 13.60, then 13.40 and finally giving up in the last half hour and letting the sellers have their way. I'll keep an eye on the price action on this one going forward. I'm a little concerned that the SOX may have peaked (15% off of January high) for awhile, but still see LDIS as an attractive play.