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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (2460)1/11/1999 9:04:00 PM
From: Norms  Read Replies (2) of 11130
 
Picked this off another board on SBAS.

To: Trooper (41755 )
From: Master Trader
Monday, Jan 11 1999 2:45PM ET
Reply # of 41952

looks interesting, this wasnt released in the prnewswire today.
stock-dogs.com

1/11/99 2:20 PM SBAS 1 x 1/32

As news indicates, SBAS has signed major deal with a leading entertainment company. After doing a great deal of due dillegence and digging, we found out the deal is with Hollywood Entertainment, which owns reel.com. Today's news indicates that this is the tip of the iceberg and that further contracts are in the works. Nice volume also indicating heavy accumulation. With the Internet sector being red hot and good day Tuesday for Inets...., SBAS can turn out to be a MAJOR runner.
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