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Non-Tech : Littlefield Corporation (LTFD)
LTFD 0.1700.0%Sep 29 11:29 AM EST
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To: Gary K. Best who wrote (5783)12/21/1997 10:12:00 AM
From: SE  Read Replies (1) of 10368
 
I think there is a lot of wisdom in your post. I have converted my warrants and a drop to $3 or $4 would not be a kind thing to do after wiping out my warrant equity in total.

However, once the call is over the arbs and shorters have no advantage to gain by continuing to short the stock. Once the relentless selling pressure is gone, I don't think we will be in as bad of shape as you suggest we might be. I also agree that we will need buying pressure to propel the stock upward, however, I think that after the call we will find for the most part the stock is held by a whole new group of investors with a longer term time horizon and strong hands in general. There will be some short term players, but there will also be some short term buying support offered by those who have waited till after the call to buy and will do so if the stock rebounds in fear of it getting away from them.

Gary, you may be correct. I may be correct. I am not saying you are wrong. In fact your post is prudent and everyone should read it to understand that we may be at $3 or $4. I have spent the last two to three weeks studying the company, making lots of phone calls and thinking about the mentality of the new stockholders and trying to determine under what scenario we would go below $5. The only one I see is a panic push below $5 on high volume to shake loose those that will not hold below $5 and a quick reversal. This will be scary if it happens, but this company is not destined to stay below $5 for long, if it happens.

GO PACK GO!

-Scott

PS - I hope you are not buying any of my shares!!!!! :)
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