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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce
WINR 0.00010000.0%Nov 5 1:20 PM EST

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To: majormember who wrote (2199)11/17/1998 9:51:00 AM
From: Tom Frederick   of 6545
 
Skane, I think this type of stock is way outside any TA projections. The only reason this stock has any price at all is on pure speculation. It has nothing to do with balance sheets or earnings or product on the shelf or any of that. And as a result there is no formula that I can think of that applies to what the market will price what was a 100% speculative buy to a revenue generating company. The anxious anticipation of $1.25 to $1.37 I feel is such a modest goal.

We have run back up to $1.00 with no news at all. Do you feel that this stock will hit a hard ceiling with on a 25% rise in the price if WINR announces X sites up and running and projected revenues? I would venture to say that companies like EarthWorks are a better comparison to WINR. This company was started with 3 guys who decided it would be neat to put up a web site to teach people how to build home pages. With a little cash in their pockets, they put it together and went to the IPO level. The day they opened up, it started at less than $5 a share and closed THAT DAY at over $60 per share. With revenues of $1,000,000 they have a market cap of OVER $100 MILLION!

This is closer to the TYPE of company WINR is. We will go from pure speculation to not only growth projection but also to highly profitable revenue generating. It will be up to the market to put a value on that, but my guess is just a touch over $1.25.

Tom F.
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