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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading

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To: 1-DAY-TRADER who wrote ()	6/26/1999 11:42:00 PM
From: Rajiv	Read Replies (2) of 790

The hot stock for this week will be CUST. It has been pumped up a lot the last few days. CUST is developing internet transaction systems, digital signature systems and possibly secure e-mail technologies. It has previously announced a tentative schedule - June end - launch of a website with a demo of their Internet transaction and DSS technologies. Aug end - commercial release of Digital Signature and Encryption system. Sept end - commercial release of Internet transaction system. The launch of their demo-website is probably the catalyst for the runup over the last few days. There are rumors of a name-change along with the launch of the website (IMO this is possible as the current name reflects a project which CUST has dropped) and initiation of analyst coverage (IMO this is unlikely if you disregard nth tier firms). IMHO, the current CUST situation is very similar to SATH. SATH was pumped up based on unrealistic expectations of an announcement of its internet plans. CUST will probably only relaunch its website (http://www.customtracks.com) in the zixx.com or zixcorp.com domains. The new website will probably be more professional looking than the current version. There is a possibility that this will not be a "demo" website but will only be an informational website. I will be accumulating a trading position in CUST over the next few days. My plan is Monday - short 25% Tuesday - short 25% (I am expecting the launch of the website to be on the last day of June which is Wednesday - If it comes earlier, I will be short fewer shares). I will be shorting another 50% after the launch of the website. (Note - I have an existing long-term short position in CUST which will not increase/decrease over the next few months). CUST will be very volatile next week. It will probably be on the radar screen of all serious daytraders/momentum-traders. Frenzied buying leading to an explosive top is not impossible. Anyone shorting CUST should back it with lots of margin. Some people might feel more comfortable waiting for the website to come out and then try shorting it. CUST also has options. There are other aspects to the CUST story. The last few hundred posts on the CUST thread (#Subject-23677) probably covers the long/short case. Regards. Rajiv

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