Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

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To: T.K. Allen who wrote (5545)	12/15/1997 2:23:00 PM
From: JakeSki	Read Replies (1) of 10368

I assume that all BNGOW bought by MM's during the recent arbitrage mess will be converted to cover short positions? My question is, once a short position is covered 'against the box', then you wouldn't care if BNGOW went down further since you have already covered. I am trying to figure out why there is continued downward pressure on BNGO. The fundamentals seem (to me) to be strong - I guess the open question is how much money they are going to realize from the warrant call. Are we still in panic mode? If figured that the weak hands would be pretty much cleared out by now. The further down BNGO goes, the longer my position is! I converted my remaining shares today, so I did my part. -- GeorgeP

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