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Non-Tech : LOCK (Saf-T-Lok) -- Ignore unavailable to you. Want to Upgrade?

To: Tekktrader who wrote (588)	5/1/1998 6:11:00 PM
From: Phil(bullrider)	Respond to of 1039

I am neither long nor short on this issue. The only reason I even visited this thread was because the stock was recommended to me on another thread and I wanted to get some opinions on the validity of the hype. I believe the longs on this thread are seeing the news reports through pink glasses. 1. I own 6 handguns myself. It would cost more than $500 dollars to put a lock on all of my handguns. For a little more money I could buy a safe and put all of my guns in it. 2. This lock is not the only lock available that will satisfy the law. Why pay $89.95 for a lock that will satisfy the law when a $15 or $20 lock will do. 3. Do you think every present handgun owner in New York, legit or not will buy this lock for every gun they own? I think probably not. All they will have to do is to buy one for one gun to satisfy the requirement concerning permitting, And it doesn't have to be this lock. 4.Check the insider activity at the present price level. Visit www.insidertrader.com Enter lock. This is free. If this is such a wonderful investment, why are so many insiders dumping shares at this price? 5. How many people have found this lock at your local gun shop. I recently visited the largest gun shop in my city, probably the largest in my state, and the manager had not heard of the lock nor has he had any salespeople approach him to carry it. Again, I am neither long or short this issue and am only offering my observations as an interested investor. I would love to find a $3.00 stock that would make me rich, but with what I have found out about this one, it does'nt appear to be the one. Good luck whether you are long or short, Phil