THE INNER CIRCLE NEWSLETTER Vol. 3 No. 2 innercircle@stockhouse.com
January 7, 1999
News Flash!!! Technical Sell Alerts
Panther (PTHR NASDAQ OTC) and JNR Resources (JNN,V)
These two oldies have come back to life this week and unloading now would make
technical sense.
Panther has just doubled over the last three days and has triggered a technical SELL.
PTHR is 100% overbought and has penetrated the upper Bollinger Bands today. Last
19 cents. Technically, tomorrow would be a good time to unload and move on.
JNR Resources is also up over 50% this week ending today at 18 cents. I expect some
strong selling to occur as long time supporter, John Kaiser, in his "Bottom Fishing
Report" suggested bailing out by the time the winter-spring exploration program starts
to be promoted.
JNN, like Panther, is 100% overbought and the upper Bollinger Band has been
penetrated.
************************************************** HEADS UP
ALERT!! NEW: CHEQUEMATE TECHNOLOGIES (CQMT, NASD, OTC BB)
BEST PICK FOR 1999 and BEYOND...
Everyone is always looking for the next new technological wave. Can you imagine if
you owned Microsoft before anyone heard of it? What if you had the chance to get in
on the ground floor with the Compact Disk technology, VCR's, Pentium Processors,
and the like. I'll tell you , you would be sitting very pretty today.
OK, GET READY! THIS IS THE NEW WAVE OF ENTERTAINMENT! 3-D
TELEVISION
Many of you I'm sure have seen a 3D IMAX movie. If you haven't, you should. The
experience will give you some idea of the HUGE potential 3-D viewing has for
television.
The television industry has been trying to make this technology work for years but has
unable to figure out. However, a small unheard of company from Saltlake City, Utah
has the answer.
This innovation represents a quantum leap in entertainment and television technology.
Just taking a look at the evolution of TV, in the 1950's we had the basic black and
white box then in the 60's colour TV's became popular. The 70's saw cleaner pictures
thanks largely to the expansion of cable networks. In the 1980's, big screen TV and
surround sound became the audiophile's toys of choice. The big jump in the 1990's has
been digitalized stereo surround sound and Digital Video Disks and digital satellite
dishes.
When you think about it, basically the sound and picture quality have improved greatly
though the image is still on a flat 2-D screen.
Now think about 3-D television and what that would be like the next time you are
watching the boob tube. This will be an awesome and hugely popular "must have" just
as the VCR has become common in most households.
Remember before TV, people flocked to the movie theatres. Going to the movies was
the new wave of entertainment at that time. Today, 3-D movie going is all the rage. I
have heard that IMAX is starting up 6,000 new theatres! Obviously, people love the
realism which only 3-D viewing can provide.
Consider how 2-D TV has taken off since the 1950's. Now think about the potential of
3-D TV. A simple kit is added to a television cable input and electronic glasses are
worn (not those cheesy glasses worn at theatres) which is all it takes to enter into a new
dimension of television viewing.
This weekend I'll discuss Chequemate's marketing plan and I will brainstorm the blue
sky potential of this product which will include the right to exclusive marketing contracts
with SPECIFIC television manufacturers, the TV broadcasting companies, video sales
and much more.
Think about this. If you could buy brand "A" TV which had the 3D technology installed
or the standard brand "B" TV all for about the same price, what would you buy?
Taking it a step further, if you where the TV manufacturer wouldn't you want to be
selling your models with 3-D technology already installed?
Anyway, let's expand on this later. For now take a hard look at this stock...
Technical Trading Board: ***************************** Technical Strategies
shown are for example and study purposes and do not represent an offer to buy or sell
securities. See Disclaimer. For example purposes, buy and sell prices will be based on
the closing price of the day it was reviewed or if the target buy or sell price was
reached.
CHEQUEMATE TECHNOLOGIES (CQMT, NASD, OTC BB)
Technically, CQMT, is 91% oversold and has fallen off its November high of $4.00
closing today at $2.78. (See the attached chart)
For a stock like this, our Technical Trading Board will start accumulating a core
position then later a trading position in order to play the highs and lows while
maintaining a long term hold.
The next support level is at $2.50. A second core position will be added if it breaches
this support or when a definitive technical upturn occurs.
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Symbol/Exc. Date**** Buy/Sell*** Shares Price** Cost **Sold P/L CQMT, NASD
1/7/99 B 100 $2.78** $2,780
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MORE UPDATES THIS WEEKEND!
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