DMEC - bingo, mail just in, here's the one I was talking about:
Subject: Daily Update
investor-list - analystgroup.com
*******Undervalued Dog************* Vol. 4, No. 92, June 14, 1999
analystgroup.com
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Daily Market Review
* Stocks traded mixed today as weakness in the technology sector
challenged strength among heavy-industry shares. Cyclical stocks are
leading the Dow higher as the historical market leaders (i.e. growth
stocks) continue to struggle amidst further interest rate uncertainty.
Bonds rose, and the dollar strengthened. While the usual round of
corporate mergers helped spark the market, a bigger assist may have come
from the Bank of Japan, which intervened in the global currency markets by
buying dollars to slow the yen's advance. The stronger dollar powered
U.S. Treasury bonds higher, reducing the yield in the benchmark 30-year
bond from Friday's 6.16% high.
As a result, the Dow broke a four day losing streak by gaining 72.82
points to finish at 10,563.33. The NASDAQ suffered its fourth loss in five
sessions to close at 2,398.31, a decrease of 49.57 points. The S&P 500
added 0.36 points to end at 1,294.00.
The Russell 2000, the most watched small cap barometer, finished down 6.48
points to 431.53. The Microcap 1000, a barometer of micro cap stocks,
lost 14.22 points to finish at 1059.46.
* Traders called comments by Federal Reserve Chairman Alan Greenspan
neutral for the market. In remarks before a Congressional committee, he
reiterated his view that technology has improved business productivity,
but that the gains born from technology can't continue forever.
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Daily Stock Review
DIAMOND ENTMNT (OTC BB: DMEC): The stock lost a penny to finish at $0.19
and had a decent trading volume at 1.341 million shares. The ratio of buy
to sell (the number of the shares) is little over 2.9:1. This is another
outstanding trading day in terms of buying activities. We feel it's an
excellent opportunity to accumulate the shares at this level, as the
company has entered its final stage to launch its e-commerce business.
Now we can preview its site at e-dmec.com. We anticipate
e-commerce site will be officially launched within 2 weeks. According to
an industry analyst, mini notebook that DMEC is marketing has a huge
advantage for its size (8.4"L x 4.8"W x 1.4"H, 2 lbs) and price ($899
retail) in the PC market. This mini notebook has Cyrix Media GXi 233 MHz
with 16k cache, 32Mb EDO DRAM, 6.1 TFT Display 640 x 480 Resolution,
16-bit high color - external monitor jack, 1.6 Gb/2.1 Gb Fast HDD, and
Windows 98. Just think about how many students, processionals and
travelers would like to have this cute mini notebook in its back bags or
suitcases that has the functions and performance of a desktop. Remember,
DMEC has an exclusive right to distribute this mini notebook in North
America. According to our source, the first major retailer that will
distributes this cute mini notebook will be COSTCO. COSTCO regularly
sells this type of PC about 20,000 units per quarter. Then imagine how
many units DMEC can sell when other major DMEC partners such as Sam's Club
follow the suit. Finally, let's add its e-dmec.com that will sell it
online as well. This mini notebook alone can generate over $10 million
revenues per quarter for DMEC. One more note, this mini notebook also
generates excellent profit margin for DMEC. Our short-term target price
is $1-$2.
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