TheSUBWAY.com Announces Investment Opinion on Virtual Gaming Enterprises, Arch Wireless, Ask Jeeves, Covad Communications Group Inc. and Teligent Inc.
WESTON, Fla., Dec 11, 2000 (BUSINESS WIRE) -- Virtual Gaming Enterprises, Inc. (OTCBB: VGAM chart, msgs), is new to TheSUBWAY.com. CRG is planning an intense public relations campaign to alert new-experienced investors of this opportunity. CRG feels that VGAM could be trading over the $3.00 mark in the short term.
VGAM is implementing an advertising program with three of the leading industry print publications: Casino Player, Strictly Slots and Poker Digest magazines. These three publications represent the best and most effective vehicle to reach their targeted demographic. CRG is expecting big things from VGAM in the near future.
Trading volume of Arch Wireless (NASDAQ: ARCH chart, msgs) has been hopping over the past three trading days reaching new highs, as the stock hits its 52 week low. Little news has been released on the stock over the past few weeks as well.
ARCH currently has only about 5 million shares in the float and it is in the opinion of CRG, that with this kind of volume, and some positive news, ARCH could run very easily. If no news is released in the near future, there is the possibility for the stock to fall for another few days with a surge before the end of the year.
Like many other internet portals, Ask Jeeves (NASDAQ: ASKJ chart, msgs), recently announced that a weak advertising market could affect its fourth quarter numbers. Shares dropped 61% Friday on record volume for the stock. The stock was also recently downgraded by 6 major firms.
What happened to ASKJ, is bound to happen to many other internet stocks who rely on advertising for revenue. Without some solid sales behind the company, CRG does not expect to see internet portals return any time soon. However, check your positions, and look at the numbers on some internet retailers. You'll find some bargains in that sector, and TheSUBWAY.com may even mention some in our next Investment Opinion.
Covad Communications Group, Inc. (NASDAQ: COVD chart, msgs) is a provider of broadband communications services to Internet service providers, enterprise, telecommunications carriers and other customers. Be aware that a class action complaints involving COVD was filed on behalf of investors by the law firm of Milberg Weiss Bershad Hynes & Lerach LLP.
COVD has a 52 week high of over $66 per share, and while volume is dramatically increasing in the stock, CRG feels that a rebound is possible depending on the outcome of the lawsuit. Watch for news on this stock. It has the potential to rebound if better numbers are releases in the future.
A fund managed by Bala Cynwyd, Pa. based Rose Glen will buy $250 million in Teligent Inc. (NASDAQ: TGNT chart, msgs) shares over the next 18 months. The proceeds will pay for operations and construction of the company's fixed wireless and fiber-optic voice and data networks.
With a 52 week range of $100.00 per share, CRG feels that this is just what the doctor ordered for TGNT. Volume surged on Friday, and CRG feels that the stock could turn around within the next 6 months. On Friday, the stock traded aprox. 40% of the public float, and if this continues, look for the stock to possibly see the $5.00 mark soon.
"The tight labor market has been the main obstacle keeping the Fed on the hawkish side of monetary policy. In his speech last Tuesday, Federal Reserve Chairman Alan Greenspan said the recent increase in jobless claims and the level of unemployment may be an early harbinger of an easing of those tight conditions. Many economists now hope that Friday's unemployment report may spell a rate cut sooner than later, perhaps as early as January, when the FOMC meets again." Stated Peter Antipatis. More is available at thesubway.com.
About TheSubway.com
TheSubway.com, a wholly owned online asset of Capital Research Group, Inc. (CRG) was developed solely for experienced, risk tolerant investors. Subscribers to TheSubway.com receive daily market commentary reports for select companies trading on various markets. Sophisticated investors are also able to receive for free, select, rare research reports and investor kits on up and coming emerging companies while they are still not widely known.
About Capital Research Group Inc.
Through TheSubway.com, Capital Research Group (CRG) introduces what in its opinion are undervalued companies to the investment community. Capital Research Group strives to locate companies with enormous growth potential. CRG is a full service public relations / Investor relations firm. For more information about our products or services, please contact CRG at 954-217-9555 or visit us at thesubway.com.
Contact:
Charles T. Tamburello President / CEO Capital Research Group Inc. Phone: 954-217-9555 Fax: 954-389-5756 Email: chuck@TheSubway.com
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (50,000 VGAM) CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Contact:
Capital Research Group, Weston
Charles T. Tamburello, 954/217-9555
President / CEO
Fax: 954/389-5756
Email: chuck@TheSubway.com |
