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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (52449)	3/5/2000 8:49:00 AM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 122087

LOCK<---Bloomberg follows up and does a follow up story: IT clearly states that They are expecting to be delisted and that I am quoted saying they have no sales and their product aren't going to benefit, and that Investors who faile to read the difference between a safety lock and a trigger lock are buying the wrong stock..with ..a false hope of benefir derived from this frenzy.. ------------------- BN Saf-T-Lok Soars for Second Day After Gun-Lock Accord Oct 10 1997 8:13 Saf-T-Lok Soars for Second Day After Gun-Lock Accord Tequesta, Florida, Oct. 10 (Bloomberg) -- Shares of Saf-T- Lok Inc. rose as much as 91 percent, soaring for a second day, after major gun manufacturers agreed to include a child safety lock with every handgun sold. The surge in the Tequesta, Florida, gun lock maker's shares came despite comments from gun producers that they do not plan to use Saf-T-Lok products. Saf-T-Lok shares rose 2 3/16 to 5 3/16 on volume of 10.1 million shares, making it the most active stock in the U.S. The company has 6.19 million shares outstanding. ``They have no sales; their products aren't going to benefit,' said Tony Elgindy, chief analyst Key West Securities Inc. in Hurst, Texas. ``The stock is up simply because of consumer idiocy. People don't know how to read.' The firm makes a market in the stock; Elgindy would not disclose if Key West has a short position in Saf-T-Lok. Saf-T-Lok shares now are up about 1,200 percent since Wednesday, when it closed at 7/16. Saf-T-Lok doesn't expect the agreement will translate into higher sales for the company anytime soon, because its products are more expensive than those of competitors, President John Gardner said yesterday. The locks the manufacturers agreed to use will add $5 to $10 to the price of each handgun, according to White House estimates. That compares with the $50 wholesale price for Saf-T-Lok's combination lock that screws onto a handgun. Saf-T-Lok shares will be delisted from Nasdaq's Small Cap Market next week, on Oct. 15, unless the company comes back into compliance with its listing requirements, said Nasdaq spokesman Mike Shokouhi. --Phil Serafino in the New York newsroom (212) 318-2358 /daa