Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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To: Trader J who wrote (8965)	2/15/1999 6:33:00 PM
From: M. Scott Gegenheimer	Read Replies (1) of 56535

Jeff/All Finet Holdings (Nasdaq:FNHC - news) gained $0.88 to $2.44 after introducing its home mortgage Web site. I just got this recommendation through clearstation. Did a cursory review and it seems pretty interesting. FNHC, an e-commerce firm, facilitates home ownership through a variety of technology-based products and automated services for consumers and real estate service providers. For the six months ended 10/31/98, revenues totalled $13.4 million, up from $6.3 million. Net loss before extraordinary item totalled $7.4 million, up from $3 million. Results reflect increased gains on the sale of mortgage loans and servicing rights, offset by increased interest expense and compensation and related expenses. Price $2 7/16 up 7/8 Volume 7.5M on Friday (avg 393K) Mkt Cap 88.7M 52wk range 13/32-4 3/16 Major announcement of Friday: New Online Resource Combines Award-Winning Origination Technology with Comprehensive Mortgage Services for Faster, Easier, Lower-Cost Homeownership biz.yahoo.com Hired a new CFO in December, Heavy weight from Freddie Mac. biz.yahoo.com Regards, Scott

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