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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: JakeSki who wrote (5449)	12/11/1997 8:00:00 PM
From: Market Tracker	Read Replies (3) \| Respond to of 10368

George, - It might be better to take the tax loss if you need it, rather than overloading yourself in one issue, and having trouble sleeping at night. I will be very interested in seeing the trading volume in BNGO after 12/22 is said and done. December short interest should also be monitored as well. SC AG's over zealous posturing will only increase the resolve of the VP industry, forcing a court showdown, in which we will prevail IMO. Am looking for an increase in BNGO's bingo interest in Texas, now that that issue has been settled in our favor. Today actually establihsed a very-short-term triple bottom, with BNGO price hitting 5 1/2 or 5 9/16 on 3 of the last 11 trading days. This appears to be the current ST downside support. Warrants will most likely continue to erode in price over the balance of the call period. The way I look at it the stock can be had for ~10% over initial IPO, which was almost 3 years ago, and we'll have raised 3-4 X the capital we did back then. We have established a 30% ROE goal, and even if it should decrease to 20-25%, it is still pretty damned good. $2.00 + in cash on the books assuming even a partially successful warrant call, and 1998 NMS listing a virtual certainty, (increased volatility both to the upside as well as the downside), as BNGO eventually becomes marginable, combined with an increasing "deal rate". makes this one a keeper for the next 12-24 months. George, you might also consider, (if you can use the tax-loss), selling your shares purchased at 9 and 8 3/8ths, and realizing the tax loss. You then could apply some of those funds to the further conversion of your warrants, and from what has been posted recently, you wouldn't have a wash sale. JMO MT