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To: WallStBum who wrote (5782)	12/21/1997 5:58:00 AM
From: Gary K. Best	Read Replies (4) \| Respond to of 10368

To All: I am sure this opinion is worth less than you are paying for it, but I think some folks following this thread may be too optimistic about the SHORT term prospects of BNGO. A lot of people are looking for the end of the warrant call on Monday to work magic on the downtrend and I am not sure it will be all that positive. If I am right, those looking for a jump in price to reflect the longer term prospects may get discouraged and conclude that their extraordinary efforts to convert may not have been all that prudent and will sell to lessen their exposure. Others will see the stock dropping and decide that a tax writeoff is perhaps prudent if we aren't going immediately to the $7-9 area. I also think there has been some artificial support to keep the stock above $5. This won't be there after the call. The fact of the matter is, most of the people who are convinced of the long term prospects for BNGO have already bought and have bought a lot in many cases. Additional players are needed to move the price up. This will take time and it will not be a straight line up. My opinion is strengthened if the markets overall remain weak. What if we have a Santa Clause rally for a couple of weeks? In that event, there will be a lot of stocks--really beaten down in price--that will compete for money that might go into BNGO. I could well be wrong about all this and hope I am, but if you are really a long term holder of BNGO, I advise you put it away and become a long term holder. Otherwise, the minute by minute behavior of this stock might be hard on the old resolve as we head into the new year. A drop to $3 or $4 is very possible and if that happens, some of you will bolt and run. Just so you understand where I am coming from on this, I am telling you now that if you do decide to bail out when the stock drops below its IPO price, I will be buying your shares. Gary

To: WallStBum who wrote (5782)	12/21/1997 2:42:00 PM
From: Market Tracker	Read Replies (2) \| Respond to of 10368

dax, - I have been the perenial bull for more years than I care to mention, but after having read Barron's yesterday, (online subscription), I don't think I've ever felt more bearish in my life. The big money is beginning to pull back in anticipation of generally lower 1998 corporate profits. Many traders/speculators are woefully over-extended. The Asian situation is far more critical than most have given credit to. The market has warned us at least twice in the past few months, and I'm going to heed it's warnings. IMO the Dow may test 7200 before the year end, if not shortly thereafter. You can't come away from reading this week's Barron's in anything close to a bullish attitude. We, (U.S. markets), may be about to enter a bear market in the next 1-2 Q's. Asian situation has not even begun to unfold yet, as it will feed on itself and effect U.S. exports and corporate profits in '98. Current IMF Asian "bailout efforts" mere tokenism. Analogy: Asian contagion is to Mexican currency "crisis", as a redwood is to a toothpick . -- I'm worried, and my brow is beginning to look like Marty Zweig's. (very furrowed). Going to 90% cash/cd's/bonds Monday. Selling half of my mutual funds,(MIT, Affiliated Fund). Taking profits, and taking a golf vacation in Nassau in January. Just my worried thoughts, MT PS, - Aren't you glad you asked? <g>