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Non-Tech : PSCKF - Playstar Corporation
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To: John G. Mueller who wrote (87)2/7/1999 8:28:00 PM
From: THOMAS GOODRICH  Read Replies (1) of 330
 
John,

I would not lend any credence to whatever GGNC is doing or see any relationship to other companies rising or falling. What generally happens is when news is released investors clamor for the stocks and when there's nothing after a couple of weeks, the stocks inexplicably sell off. Meanwhile, insiders are typically selling into the rallies. Playstar Wyoming Holdings rose a couple of weeks ago on a long anticipated news release that in reality was great, however, not a blockbuster. This company for some reason doesn't want to put anything out other than meaningful news releases, so I expect we're not likely to hear anything until quarterly earnings. Starnet and Playstar are an example of two industry leaders. I don't know if PSCKF will go lower, it probably can and it probably will, however, I see this as another great buying opportunity for a stock that could easily land between $5 to $10 per share later this year.

TG
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