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Strategies & Market Trends : LORD Ernie's picks.
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To: LORD ERNIE who started this subject5/14/2002 7:36:53 AM
From: LORD ERNIE  Read Replies (1) of 526
 
Golf Entertainment, Inc. (GECC: .12) closed up .04 or 50% on unusual volume
of 1.3 million shares. The average daily volume is 152,000 shares. The key
for this stock is the structure. The total outstanding shares are reported
as roughly 9 million with 2.3 million in the float.

The Company had been inactive for nine months until earlier this year when
it started issuing press releases again. Golf says it is now the only
Spanish-language television broadcaster in Arkansas. The company is
apparently broadcasting 24-hours a day in Springdale, Arkansas on K20CT.
The company said it expects the call sign of K20CT to change to KVAQ in the
near future. An application to change the call sign was filed on January
4th according to FCC records. The UHF TV station is also carried on a local
cable system that caters to Hispanic viewers. The company estimates it has
approximately 35,000 local viewers. The expansion goals the company lists
for the first half of fiscal 2002 include establishing two additional TV
stations in Alabama, three in Arkansas, two stations in Mississippi, two in
Oklahoma, and one each in Virginia, Tennessee, Georgia and North Carolina.
Each of the thirteen new locations will be fed with a mixture of Hispanic
Television Network (HTVN: .03) programming and local advertising.

The chart shows a stock trying to run after reaching a low of .025. The
annual high is .30. It's too early to tell whether this is a real ground
floor opportunity or a major pump job. So far the newest press releases
talk about adopting new accounting practices and a stock buy back
program. Is the Company itself causing the current rally? Tomorrow will
be interesting. If the momentum can continue this one looks good for 100% move.
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