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To: Market Tracker who wrote (5930)12/23/1997 4:39:00 PM
From: T.K. Allen  Read Replies (1) | Respond to of 10368
 
MT - I think you missed one in there. I believe it was George E. who said he had 3000 which expired. So my number is 36,710.

Here is my perspective on unexpired warrants based on some facts. I think one of the most critical aspects of the warrant call has to do with meeting NASDAQ's Net Tangible Asset (NTA) criterion for NMS listing. I'm not sure which of the 3 options for Initial Listing BNGO is shooting for but if it is Option 2, this requires $18 Million NTA. In order for BNGO to fail to meet this criterion there would need to be about 1,400,000 warrants expire worthless or, expressed a different way, only 58% converted. I would be absolutely floored to see anywhere near that number expire worthless.

TKA



To: Market Tracker who wrote (5930)12/23/1997 4:42:00 PM
From: upndn  Respond to of 10368
 
Dec. 23
5 5/8 + 3/8, +7.1%
Volume 117,100
H 5 11/16
L 5 1/8

Good Facts

Merry Christmas !!

Jim



To: Market Tracker who wrote (5930)12/23/1997 5:07:00 PM
From: JakeSki  Read Replies (2) | Respond to of 10368
 
FACT: 550 Warrants exercised by me....

Does anyone else here do any TA? I like to use FA to filter possible buys, then TA from there. It sounds like most of the BNGO discussion has been FA focused, which IMHO hasn't helped a bit in the last month or so.

What indicator do people like? I have been using Fast Stochastic and MACD. FStoch Signaled a buy yesterday, and I show a bullish key reversal off a 9 bar low yesterday as well.

Hindsight being 20/20, but back-testing these two indicators seems to show that they are working for BNGO.

Comments?

(I am trying to drum up a new topic - I am tired of the pissing contests that are going on....)

-- George

GO BEAVERS!