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OfficeMax Incorporated Message Board

  • wisdom_watcher wisdom_watcher Jan 23, 1998 4:18 PM Flag

    Possibly Useful Stock News & Tip!

    The stock known as LOCK is moving up very nicely, now that all patents and financing are firmly in place and the manufacturing and sales have begun.

    But before considering it read the important "news" as to why, and why President Clinton and the entire national law enforcement establishment are excited about this very new and unique gun safety equipment.

    This is a useful product that our violent world could really use. So whether I personally win or lose money with it, the bottom line is that I believe in the product itself.

    Also make sure you do all of the wise and routine things like reading the S.E.C. material, and all of the financial details and history, and so on!

    Whether you buy in or don't buy in, after careful evaluation, as well as going by your hunches and gut feelings, it might be worthwhile to at least keep your eye on this one every day for a while--as it is now in its very critical startup and launching phase, where most new companies and useful products begin, because only a relatively few begin at the super-duper mega-bucks and mega-organizational levels.

    I want you to honestly know that I am not a broker nor do I work for the company. I also am not in for the "short" haul.

    After getting out and losing $2,910.13 back in October with this stock, I bought 3,600 shares on tuesday, January 20th, in the early afternoon, for 2 13/16 ($2.8125). This was about an hour after I saw the mid-day news release, which announced that they have now made their first sales and things in general were beginning.

    I could have gotten in cheaper, as the stock was hanging just over 2 1/2 at the moment of the press release, but I watched in frustration as it steadily moved up, as I had to struggle to sell something else first. I finally just bought in at the "market" price.

    Good luck to those of you who may jump in somewhere along the way.