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LONGTOP FINANCIAL TECHNOLOGIES (LGFTY) [hlAlert]

Rating:
Buy LFT
down 99.83 %

LONGTOP FINANCIAL TECHNOLOGIES (LFT) rated Buy with price target $30 by Needham

Posted on: Monday,  Jul 20, 2009  8:25 AM ET by Needham

Needham rated Buy LONGTOP FINANCIAL TECHNOLOGIES (OTCBB: LGFTY) on 07/20/2009. Previously Needham rated Buy LONGTOP FINANCIAL TECHNOLOGIES (OTCBB: LGFTY) on 08/13/2008.,
when the stock price was $18.00. Since then, LONGTOP FINANCIAL TECHNOLOGIES has lost 99.83% as of 12/13/2011's recent price of $0.03.
If you would have followed the previous Needham's recommendation on LGFTY, you would have lost 99.83% of your investment in 1217 days.

Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/20/2009 8:25 AM Buy
None
26.06 30.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2008 9:25 AM Buy
None
18.00 24.00

(*) Stock Price at the time of the recommendation.
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