Labwire Inc (LBWR)

[YankeeAce]

I know some of you longs are frustrated (probably an understatement) but this always seems to happen to stocks I get into initially. Now I've only been trading the pinkies for about 3-4 years, but I've done pretty well. Typically I look for underpriced value with a decent story. I've been successful with HISC, LFWK, IGTG (before the RSS), BIGN and a couple others. Currently LBWR is valued at about $11M. A few decent sized contract and we could easily see $50M-$100M. We do not have the solid investor base right now but hopefully that will change. Typically I set bargain basement purchase prices and when I get in it usually drifts even lower, but the fundamentals behind the company support it back to a reasonable level. We might see a low around $0.05 this week but only briefly. I'll continue to accumulate at anywhere below $0.10 until the funds run out. This is another one of those pinkies that likes to keep its shareholders informed. There is nothing more profitable, IMO, then small companies like this one. Patience is key here and those that have it will prosper and those that don't, well better luck on your next pick.