Leap Wireless Pounded (LEAP)

Posted in pre-market 
August 7th, 2009

Leap Wireless (LEAP) is getting shelled.  After earnings we have already seen two downgrades.  Shares are down 19% at $18.23 as of 8:58 AM EST.  We have also seen roughly 167,000 shares.  Because of this huge price drop, we expect the 2.8 million shares to be hit very early this morning on the heels of last night’s wider than expected loss. -JON OGG

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