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To: Pat Doucette who wrote (6402)1/15/1998 12:36:00 PM
From: T.K. Allen  Respond to of 10368
 
Patti: I like the way you think! And thanks for the compliment. Your statement "I refuse to take a loss with no change in company fundamentals" really sums up my attitude. I would suggest, however, that there has been some change to the company fundamentals...for the better. $11+ million dollars in cash and good acquisitions (Darlington) I see as positive developments. Unfortunately, I fear the SC political situation has scared off some investors and there have been people in a position to exploit that fear. Hang tough, I am.

TKA



To: Pat Doucette who wrote (6402)1/15/1998 2:55:00 PM
From: Richard Babusek  Respond to of 10368
 
Patti,In the arena of personal emotions, fear and greed have both cost me when I have yielded to them. Patience (in my opinions based on facts) has rarely caused me a big loss.

I'm not sorry (or happy) to see investors dismiss BNGO as a valid investment, although I don't like to see what seems to me substituting emotions for logic.

1. The management is only efficient at running the affairs of the company. If the market does not reward them (in the short term), I hope they ignore that .

2. If you have some rational basis for evaluating an investment, check it out to your satisfaction and stick to it. Then you'll be able to sleep at night.

3. If you expect the market to find exactly the value you see, at exactly the time you see it, then there would never be any relatively good values to be had!

4. If you aren't greedy, (and so have some cash left) then these temporary setbacks can be seen as a buying opportunity.

5. Maybe Mr. Fearnow doesn't know exactly what the news is.

6. If anyone believes the (market makers, insiders, management, etc.) have the power to totally control the price of a stock, why would the be in that particular market, or stock?

Ricardo

PS -- I'm greedy by my own definition!, I can't afford to buy much more BNGO.