Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: arnold silver who wrote (2784)	8/12/2003 1:38:16 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Thanks Arnie. Congratulations on your success on BLTI. Nothing wrong with making money on hype. The trick is knowing when to get off the ride. I don't see BLTI going much higher than the $12 price of the new offering even with hype.

To: arnold silver who wrote (2784)	8/12/2003 2:32:46 PM
From: Ken W	Respond to of 23958

Arnie Congrats on your trading gains with BLTI. Just remember that they are trading gains! <GGGGG> Read the secondary offering prospectus carefully. Note the offer price of the secondary and the current price. How will they be able to do the secondary if the market price is below the offer price? The underwriters have a position to protect here so I doubt that they are "putting the stock away in a retirement account" Also (and I'm beleaguering here) note the options of the over allotment excersisable at 3.69 per share on over 3 million shares (in excess of the offering itself). Now if they have to restate two Q.s of earnings what do you think is going to happen to the valuation on the stock? As Sergio said it becomes extremely expensive on an already expensive stock. TA wise the stock should hit its head at the 50 dMA at about 12.75, the downside is nearer the 50 week MA at about 8.30. Again be careful with your trading gains. You know me well enough by now that I would not be trying to misguide anyone. Ken