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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (20224)	10/18/1999 10:55:00 AM
From: OFW	Read Replies (1) of 25711

Joe, keep an eye on NSKY over the next several days. Steve Zahn, the hot star of the movie Happy Texas, is also the star of NSKY's "Freak Talks About Sex" which will be shown late this week at the Hampton's Film Festival in New York. "Freak" is one of ten films up for the Golden Starfish Award at the festival - solid award for best independent film and cash as well for the award. The company also showed the film earlier this year at the Seattle International Film Festival and it received a good review in Variety. After two good festival showings, solid reviews and a hot raising star in Steve Zahn, the company should be able to negotiate a rewarding distribution deal. In addition, NSKY has a 40% interest in movieplace.com --- Carl Reynolds, CEO of NSKY, has told investors he wants to unlock the true value of this entertainment oriented website. CBS paid over $100 million for partial interest in hollywood.com and I think NSKY followers are hoping Reynolds can pull off some type of deal on movieplace.com --- although this is all speculation until we see something in writing from the company. The stock spiked up sharply just before the Seattle festival. The question now is will it also spike up on anticipation of the Hampton's festival. No promises - but worth keeping an eye on. Offie

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