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 : Lake City Gaming: LCG-V -- Ignore unavailable to you. Want to Upgrade?

To: David Michaud who wrote (15)	10/28/1998 6:30:00 AM
From: Jerrold Annett	Read Replies (1) \| Respond to of 124

You are right about the retail buying. With only 2,000,000 shares in the public float and a large percentage of these held by employees of LCG (IR told me this), this stock is very tight. A lot of market price buying. I have been following this stock close since it's start on September 10, 1998. It has traded, so far, about 1,300,000 shares at an average price of $3.00. The running average is continually climbing since we are having high volumes at the $3.50 level. The high volumes over the past two days (+150,000 shares) are coming with a high number of trade executions (220 to 240). Looking at who is buying and selling, it seems that a large number of people are buying with fewer sellers. So, I think that we have a large number of people holding a small amount of shares. This is fantastic because in this situation I think these people are in for a minimum of a $1 plus appreciation before they get excited. What are your thoughts? I am not sure about institutional buying. I see that McDermid, part of the IPO at $1.50, has been active buying and selling.