I was hoping for LPL to correct to around $11-12 after they reported the loss, so I could take a position for the longer term. The stock doesn't seem to be reacting much to earnings though, so even if the next earnings report is disappointing, the stock might not budge much. It seems like people are already looking out to the second half of '07 and seem to be very patient with this stock. It might stay pretty flat for many months, in which case both the bulls and the bears might be disappointed.
LPL has done little more than trade with the overall market strength. As the stength ebbs, LPL will slide more than its fair share. Oil prices are rising, recessionary concerns remain present and rate hikes still are on the radar. Patience is a virtue and time is on my side. I've got plenty of time for the move to happen and will add as necessary to value average for maximum benefit.
LPL's recently rally is not only based on Nasdaq rebound, but based on LCD strong demand for the Q4 and next Q1; the LCD offer price was stopped falling and started to up $2-$10 per piece for the different sizes 7 days ago.
If you buy LPL CALL for the Jan.07, it will get a great return. The LPL target is $26 at the end of this year.