Cybersurf (CY.A) - Bridge between 20th & 21st Centuries Message Board

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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries

CY 23.82

0.0%

Apr 16 5:00 PM EST

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To: Frank Moss who wrote (2012)	7/5/1999 3:21:00 PM
From: Frank Moss	of 3243

FROM REUTERS: Cannacord and internet picks are HOT!! Monday July 5, 2:53 pm Eastern Time Microforum makes gains on renewed profile TORONTO, July 5 (Reuters) - Electronic commerce marketing firm Microforum Inc. (Toronto:MCF.TO - news) was the Toronto stock market's hottest stock on Monday as investors hungry for good deals snapped up the shares. Shares in the Toronto-based company was trading up C$1.00, or 17 percent, on the Toronto Stock Exchange at C$6.80 early afternoon after peaking at C$7 earlier. Microforum was the most active stock in a relatively quiet session with 1.8 million shares changing hands. The stock price is still off from the C$12 high hit this year, but stands far above the 52-week low of 42 Canadian cents. Microforum's recently garnered a ''buy'' recommendation from Canaccord Capital Corp. analyst David Wong in Vancouver, who has a 12-month, C$11 target for the stock. ''I guess the market was just looking for something to chew on. They're just news hungry right now,'' said Wong. ''My comment to clients or investors who are news hungry is to look at the fundamentals first.'' The firm is following a return to favor that Internet issues such as Yahoo! Inc. (Nasdaq:YHOO - news) and America Online Inc. (NYSE:AOL - news) have already begun to experience on the U.S. market, said Wong. Earlier this month, Microforum topped the most actives on the TSE, rising C$1.10 to hit C$6.90 after announcing it had final receipt from regulators in Ontario, British Columbia and Alberta for a C$20 million private placement financing. The company did not release any news on Monday, a spokesman said. ($1=$1.47 Canadian)

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