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The other fellow is correct about the CNBC mention. I was watching when the guy mentioned it and checked the stock later to see it was up $8. Today I decided to buy and got in at $34 3/8. The comment was bullish in that the question was "What do you see as the next Intel or Microsoft?" The answer was XLTC. I believe the guy runs Smith Barney's aggresive growth fund. Seemed like he knew what he was talking about. Said it had the potential to be huge, but was a solid performer in the mean time, so not much risk.
I got in at 16 and definitely plan to hold it as long as earnings continue to grow. XLTC was mentioned in passing as a typical young growth company that was growing fast and below the instutional investors radar screens in an article in NAIC's Better Investing Magazine a few months ago. I checked it out, and decided it was a great buy with almost unlimited long-term upside potential. BG
hi, my position in xltc dates back to 5/98 and i'm wondering about that comment on cnbc re. xltc being the next intel, etc. although the company has almost no press releases, from what little i have read or heard it would not appear to be a cutting edge technology leader. my position was established and is held for value. The current speculation appears to be a developing short squeeze and day traders hitting the stock. i've heard no talk of possible buyout. i am apprehensive that this type of action is going to hurt the stock for long-term holders. i sold off 1/3 of my position last week and am looking to reduce to 50% if a highly specultative action persists. overvalued past 40? what are your thoughts? glen.
frank, xltc hit intra-day high of 40 1/2, in high volume over 732k. tech stocks were slammed overall. pricey at these levels, me think. consider reducing my position in xltc from 67% to 50%. are you still in? have you any news on this xltc? glen.