Leap Wireless (LEAP)

Leap Wireless (LEAP)

Postby iam802 » Sat Feb 06, 2010 12:12 am

Rumour : LEAP is looking for buyer. (<< lots of tech stocks are, including PALM. Such rumours are always around)

and.. JP Morgan does not believe it will go through...

BOSTON (MarketWatch) -- Analysts at J.P. Morgan on Friday lowered their rating on Leap Wireless International Inc to underweight from neutral and cut their price target on its shares to $10 from $12. "Though we believe the company is actively seeking an acquirer, we believe a sale would be very challenging given deteriorating fundamentals and valuation hurdles," they wrote in a note to clients. Shares of Leap ended Thursday at $14.59 and were off about 2% in early premarket trade Friday
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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