Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 271.63

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2:24 PM EST

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To: Stock Watcher who wrote (7231)	4/25/1999 2:09:00 PM
From: RCJIII	Read Replies (2) of 52051

SW, I hope everyone got in on LOCK, this weekend's media coverage has been phenomenal. LOCK should explode this week. Some highlights: Front page WSJ story on LOCK on Friday. NBC nightly news interviews the CEO and shows product demonstration on Friday night's newscast. CNN headline news showed every thirty minutes Clinton's legislative response to the Colorado murders. One of those proposals will be mandatory gun locking devices. Gun safety all over the weekend talk shows. Locking devices mentioned several times. Bill Bennett, the conservative, mentioned support for child proof locking devices for guns. Should see a big run on Monday on LOCK's stock. When the President outlines his proposal to mandate locks, the sky is the limit. The stock hit $15 from pennies when Clinton first floated the idea of considering legislation for locking devices a few years back. The company also appears to be a terrific takeover candidate by a gunmaker. Only 6 million shares are outstanding. A gun maker could offer $10 a share and only pay $60 million. The states and cities that are suing the gun makers have said they would drop the lawsuits (which could expose them to billions of dollars in liability, as well as untold legal costs) if they would put safety devices such as LOCK on their guns. Also, by purchasing LOCK a gun maker could offer an edge over the competition. "Not only do we make the finest guns, but also the safest". This stock seems like a homerun to me. Management is questionable and their financials are very weak, but they have a great effective, patented product that is at the center of a massive political debate and could potentially save the gun industry from tobacco company like litigation. RCJIII

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