Presto and here it is:
To: DenizkurtE@aol.com
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Dear Investors: 12/21/1999
Well, this has been another interesting week or so. Some of you have asked
for updates on stocks I have mentioned in previous newsletters. I do not plan
on doing this a lot as it would just lead to additional email in your mailbox
recapping things you probably already know. I am sure you can all appreciate
that. You must make your own decisions about investing and as my disclaimer
says I won't give specific advice on when to buy or sell a stock. All I can
try and do is give you new verifiable information and commentary with my
opinions. What you do with that information is for you to decide.
ECNC had a nice week. I won't go over specifics because those of you that are
following the progress don't need me to tell you what you already know. I can
tell you that Tom Hughes the CEO called me on Monday December 20,1999 at
approximately 9AM. I had asked him about the buyback since there was some
confusion on the message boards. Tom said they are buying back $1,000,000
worth of stock. The company will hold the stock in certificate form. This
does not change the outstanding number of shares but it does reduce the
amount of shares in the float.
ECNC appears to be just beginning a sustained uptrend <A
HREF="http://www.clearstation.com/cgi-bin/do_peek?Symbol=ecnc&Refer=http%3A%2F
%2Fwww.clearstation.com%2Fcgi-bin%2Ffocus">http://www.clearstation.com/cgi-bin
/do_peek?Symbol=ecnc&Refer=http%3A%2F%2Fwww.clearstation.com%2Fcgi-bin%2Ffocus
</A>
With this uptrend will come volatility. For those who feel they can take
advantage of the volatility and time short term trades that is great. For
those that can't then sit back and watch as the company continues to execute
its business plan.
PNEC is now trying to break the 50 day EMA <A
HREF="http://www.clearstation.com/cgi-bin/details?Event=peek&Symbol=pnec&Refer
=http://www.clearstation.com/cgi-bin/focus">http://www.clearstation.com/cgi-bi
n/details?Event=peek&Symbol=pnec&Refer=http://www.clearstation.com/cgi-bin/foc
us</A>
Volume has been coming into the stock as people start to realize that in my
opinion 1999 was a turnaround year for the company. From the December 15th PR
"For fiscal 1999, net revenues increased 25% from approximately $35,152,000
for fiscal 1998 to $43,791,000 for fiscal 1999. The Company had net income of
$278,462 for FYE 1999 compared to a net loss of ($645,464) for 1998. Due to
the Company's obligation to pay a preferred dividend of $353,199 earnings per
share allocable to common shares were reduced by $353,199 resulting in a loss
of (.01) per share as compared to a loss of (.37) per share for FY 1998 ended
August 31, 1998".
This in my opinion says it all. Going from losing (.37) cents per share to
losing (.01) cents per share definitely proves to me that things are going in
the right direction and the year 2000 will be an important year for this
company. The MM's have dropped the price on very low volume yesterday giving
us an opportunity to add to our position. Again if you want to try and time
this one that is fine but you may miss a nice gain when it breaks its
overhead resistance.
TTLN is sitting flat after surging ahead a few weeks back. There was a
conference call yesterday and this post #27219 on the RB board sums it up
best <A
HREF="http://www.ragingbull.com/mboard/boards.cgi?board=TTLN&read=27219">http:
//www.ragingbull.com/mboard/boards.cgi?board=TTLN&read=27219</A>
I think this stock will take a little time to develop just like ECNC but when
it starts to move it will be fast as the float is very low. The company
continues to upgrade and work on their websites, hmmmm…. Could they be
getting ready for something we haven't heard about yet? Only time will tell.
Have you figured out what I try to do with my investment style? I try to get
in position before big volume comes into a stock. You know my rules; I don't
chase a stock. I much prefer taking a position in a company while there is no
excitement based on my DD so that when the excitement does show up I don't
make bad decisions (remember my rule #5, don't get emotional when investing).
This is business. Getting emotional leads to bad and snap decisions. My goal
is for all of us, is to have more successes than failures. If we achieve
this, our portfolios will appreciate.
Erol Denizkurt
PO Box 215
E. Taunton, MA 02718
508-823-7331 phone
240-331-5618 fax
Disclaimer: I am not paid by anyone. I am not a licensed professional. I may
have a position in any stock that I mention or I may not. I don't hype or
bash. I just give my personal opinion. Please verify all DD and information I
present to you. I try to remain objective at all times. I will try and use
this newsletter to help those on the list get answers to questions that you
may have. If you are on my list and want to unsubscribe just send an email to
me and I will remove you with an apology. Please do not ask me if you should
buy or sell a stock only you can make that decision |
