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

To: SE who wrote (5744)	12/19/1997 12:52:00 PM
From: Gene Klein	Read Replies (2) \| Respond to of 10368

Scott - sitting on 3200 warrents and plan to hold out till around noon Monday since there's not much to be salvaged at current price. Any thoughts about the warrents on Monday would be appreciated. Gene Klein

To: SE who wrote (5744)	12/19/1997 2:40:00 PM
From: Robert L. Akers	Read Replies (1) \| Respond to of 10368

<< My thought is that normally individuals do not buy stocks when they << are hammered. So therefore, individuals, for the most part are not << creating this volume we see. Not that it matters, but I disagree. Given a person's 1997 capital gains situation, it might make a whole lot more sense to buy common and sell warrants rather than converting, thereby generating a capital loss to offset other gains. It would be easy for this advantage to more than offset the 1/8 point loss on spread. Particularly since we are at the end of the year, and everyone's CG picture should be pretty clear. As for today's action being panic selling (I don't recall who made that claim), I doubt that, either. It's just the warrant crunch playing out its last bloody hours in a timeframe where a lot of warrant holders no longer have the time their brokers require to convert. Salvage selling, perhaps, which will surely suppress the price, but not panic. Larry