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: Dale Baker who wrote (7365)	2/16/1998 7:29:00 AM
From: SE	Read Replies (1) \| Respond to of 10368

I just don't think it will be glamorous enough for BNGO to work through the tremendous amount of overhead very quickly - all those shares bought between $5 and $9 which will now slow BNGO's rise in 1998. I often wonder about this. When a stock tanks like BNGO did, does this change the overhead supply on the stock. With BNGO we have had a rather orderly decline, if you can call such a decline orderly. <<gg>> As a result many of the holders that we knew are gone. Flat out sold out. With them gone and new holders in the shares, doesn't that change the picture a bit??? I am most curious to see how this all plays out as we slowly crank our way through all of those previous levels. (The optimist in me). I would think that a lot of people in at $9 were out at $7 and those in at $7 were out at $5 and so on. I don't know. I know there is a buyer for every seller, but those that bought at $5 and lower I would think have held through this correction and are looking at higher prices. I would not include those that bought at $5 via the warrant call as their basis is the $5 plus the price they paid for the warrant. -Scott

To: Dale Baker who wrote (7365)	2/16/1998 7:37:00 PM
From: Vinnie	Respond to of 10368

I just don't think it will be glamorous enough for BNGO to work through the tremendous amount of overhead very quickly One of Peter Lynch's tricks in finding great investments, according to his books, is looking for a company that focuses on an area that is "boring" (i.e., not glamorous). Since that last press release, several folks have referred to the bingo hall focus in this manner....and that is one of the reasons I jumped on BNGO in the first place over a year ago....so I'm actually pretty happy to see them go back to their original stated goals and avoid too much involvement with VGMs. I think I voiced this opinion back a month or so ago, when all the SC problems began to take on a more serious tone. This may not be what many of the SI readers are looking for...not likely to cause a sky rocketing stock price...but for a longer term investor like myself, it's music to my ears. IMHO Vinnie