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lentinman

05/05/05 1:05 AM

#10817 RE: stanu78 #10812

Stan: MDF:

I am halfway reluctant to say I DO own it. On more than one occasion I expressed concern about the fact that 90% (Bobwins corrected me to say 99%) of their business comes from one source. I'm still extremely concerned about that. However, I decided I would be a buyer at $1.85. When it bounced twice off $2.00, I went ahead and bought at $2.10 in early April. I confessed my sin to BW in a PM. Obviously, some sins work out, but I'm still not comfortable. The problem is that if there is a sudden issue with their sole customer, the stock will drop in half or more overnight. I really don't like being exposed that much, but it had dropped a long ways from $3.34 and a bounce was almost a certainty. Unfortunately, I don't play bounces, I play doubles. So, I could sell for a nice one month gain or take my chances. Actually, I might do either.

Len