"The people over on the Raging Bull all want something for
nothing"
Since by now the Government should realize that Ted Melcher's infamous SGA Goldstar became MarketDigestOnline (MDO)
google.com
Domain Name: MARKETDIGESTONLINE.COM
Administrative Contact, Billing Contact:
Melcher, Ted ,(TM7661) qvl@MINDSPRING.COM
Market Digest Online, Inc.
1515 Pear Tree Circle
Brentwood,, TN 37027
615-256-4747 (FAX) 615-371-1899
Technical Contact:
Guthrie, Craig (CG5473) root@WAYPOINTZERO.COM
waypoint Zero, Inc.
1518 Azalea Dr.
Arlington, TX 76013
888-682-5936
So let's see what they had to say about New Tel (an MDO whisper stock )and Ray Dirks (2nd of 3 New Tel buy reports March 2)
--------------------------------------------------------------------------------
MARKETDIGESTONLINE HIGH ON NEW TEL PROSPECTS IN CHINA
--------------------------------------------------------------------------------
Story Filed: Thursday, March 09, 2000 12:41 PM EST
PERTH, Australia, Mar 9, 2000 /PRNewswire via COMTEX/ -- Marketdigestonline took a deep breath today over the prospects of New Tel Limited (Nasdaq: NWLL) in the Chinese Internet market.
The online service's comments came after New Tel announced that it will undertake a private placement to raise A$59.5 million, the funds to be used for development of its Internet project with Xinhua News, the official Chinese news agency.
Marketdigestonline had this to say: "The company will be China's #1 Internet provider ... New Tel is basically in bed with the Chinese government, as they will be purchasing all of the government's Internet companies -- 18 in all."
The online service added: "The opportunity before New Tel is truly unbelievable and the growth will be staggering."
New Tel Chief Executive Peter Malone said the placement of 17 million New Tel shares at A$3.50 per share is expected to be completed shortly under the lead management of Foster Stockbroking. New Tel will use the funds to create Internet infrastructure in China.
Mr. Malone said that an additional share issue of $200 million will be undertaken on the Nasdaq, pending regulatory approvals by the Chinese, satisfactory completion of due diligence, New Tel shareholder approval, and finalization of underwriting arrangements.
New Tel Limited is a new Australian carrier listed on ASX and the Nasdaq stock market in the USA. In operation since 1 July 1999, New Tel provides international and national telephony and data services with an emphasis on international services to Asia, particularly China.
SOURCE New Tel Limited (C) 2000 PR Newswire. All rights reserved. prnewswire.com
CONTACT: Peter Malone of New Tel Limited, 618-9244-1166; or Anne McBride
of The Anne McBride Co., 212-983-1702, for New Tel Limited
By: pulpwoody $$$
Reply To: None Tuesday, 31 Oct 2000 at 12:46 PM EST
Post # of 23135
Here is earlier e-mail from MDO: (Thanks, Ted!)
Pulpwoody (Again substituted for real name):
Yes. that will be okay to post my NWLL commentary on Raging Bull......but
tell those people to subscribe. We continue to pick winners lately in stocks
and options..... as you know..... CSCO puts, shorts on many of the high
fliers, IMCL, BLDP, TARO, ADVP, DURA, SHFL.....I'm babbling....you know, as
you subscribe. The people over on the Raging Bull all want something for
nothing.
On NWLL, or any stock for that matter, MDO is in the pocket of no one. We
look at each situation objectively. I'm currently long NWLL myself. I know,
as all MDO subscribers should know, that NWLL is a highly speculative
situation. I originally recommended the stock as it was given to me as an
idea from a stock broker subscriber with (brokerage company omitted). I've tried to
continue to support the stock because I know this guy has literally hung
himself. He has a big position with an average cost around $22. I know there
are also other subscribers - one in particular - who have big positions at
average prices in the $20's......so for them too, I'm trying to hang in
there with the stock. HOWEVER.....ENOUGH IS ENOUGH!!
The delays have been too long. Either announce that the deal is done or
announce that it's not done! This crap of company officials telling
shareholders before the announcement that the deal will be announced by a
certain date is not good at all. I also reiterated to my stock broker
subscriber from the very beginning that I did not like the fact that Ray
Dirks was involved. Dirks doesn't make a recommendation unless his pockets
are greased in a big way....so there's no way he can look at the situation
objectively. If you'll recall, in one of my commentaries I pointed out that
many of Dirks' deals were at or near their 52-week lows and we can now add
NWLL to the list. So post my commentary on Raging Bull. Maybe it will wake
some of the idiots up! Unless something transpires within the next two
weeks, I'd be a seller of the stock. There's too many other plays out there
where you can make money and given that the technicals on NWLL are in the
toilet, this will have to be one #### of an announcement to get this stock
above it's bearish resistance line. Bottom line, the stock may be good for a
trade and that's it. Hopefully, NWLL officials prove me wrong.
MDO |
