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.

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

To: T.K. Allen who wrote (5545)	12/15/1997 2:02:00 PM
From: B-MAN	Read Replies (1) \| Respond to of 10368

BNGOW (as of 2:00PM), last traded @ .25 -> anyone care to comment? This one is going down! B

To: T.K. Allen who wrote (5545)	12/15/1997 2:23:00 PM
From: JakeSki	Read Replies (1) \| Respond to of 10368

I assume that all BNGOW bought by MM's during the recent arbitrage mess will be converted to cover short positions? My question is, once a short position is covered 'against the box', then you wouldn't care if BNGOW went down further since you have already covered. I am trying to figure out why there is continued downward pressure on BNGO. The fundamentals seem (to me) to be strong - I guess the open question is how much money they are going to realize from the warrant call. Are we still in panic mode? If figured that the weak hands would be pretty much cleared out by now. The further down BNGO goes, the longer my position is! I converted my remaining shares today, so I did my part. -- GeorgeP

To: T.K. Allen who wrote (5545)	12/15/1997 2:29:00 PM
From: R. Hanowski	Respond to of 10368

I think group 4 ("hopeful") may be very large, though I might call them "patient". For me, I was going to convert. But, if I think the stock will be in the $4's next week, why would I? I think I read from someone on this board that a wise approach to this process is waiting until the last minute to see how things pan out. Frankly, I'm glad I haven't converted yet. I'd be even more upset if I'd spent $3 on a warrant and another $5 on converting, only to see the stock plummet further. I still think the company needs to step in and support the share price (a la MVSI).