PARA Paramount Financial - Value Internet Play Message Board

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Technology Stocks : PARA Paramount Financial - Value Internet Play

FIVE 158.38

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Nov 3 3:59 PM EST

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To: CMon who wrote (30)	9/2/1999 9:57:00 AM
From: A@P Trader	Read Replies (1) of 51

PARA<----------------WRONG STOCK FOLKS!! Paramount Financial Benefits From a Case of Mistaken Identity New York, Sept. 2 (Bloomberg) -- Paramount Financial shares tripled yesterday after the company said it built a new barter Web site for swapping merchandise and services over the Internet. Small investors poured into the stock, making it the biggest percentage gainer in North America. Internet users posted messages proclaiming ``PARA is the next Ebay,' referring to the biggest online auction site. ``Ebay can't be everything to everyone, but PARA has the potential to be a $50 stock easily,' one message said. Trouble is, Paramount doesn't own the site, called TradeandSwap.com -- it only created it. The company was paid less than $200,000 to develop it, said Glenn Nortman, its president. ``We don't have any ownership in it,' he said in an interview. Nortman said he didn't know why the stock took off after the company's press release.

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