Anthony,
OH MY!!! Look at this. (almost funny)
Info per latest 10Q
TRAC - current price $10.68
52 week low in late April '98 - $1.43
52 week high 2 weeks ago - $15
Avg vol - 412,000
OS - 14,500,000
Float - 2,600,000
*Less than 1% held by institutions.
Earned .03 per share for '97
Earned .02 thru first 9 months of '98
Revs have been around $45,000,000 since '95
They have $551,000 cash
Book value just over $0.50
PE-178.13
227,000 short (as of Jan 8)
Now here's the funny part: the stock traded below $5 all year until
this PR:
Track Data and Track Securities
Announced Today Plans to Provide
myTrack Users With On-Line Trading Services
NEW YORK--(BUSINESS WIRE)--Dec. 30, 1998--Track Data Corp. (Nasdaq-NMS:TRAC -
news) and Track Securities Corp. announced today plans to provide myTrack users with on-line
trading services.
Track Data's highly successful myTrack Internet market quotation and news system
(www.mytrack.com) has received in excess of 35,000 registrations since its introduction in the
middle of 1998.
myTrack has offered a free trading contest using a built-in trading screen since October 1998 with
cash prizes awarded monthly. The trading contest has simulated trading with a $100,000 ''play
money'' portfolio. The ease of using myTrack for trading with knowledge provided by the myTrack
system has prompted many users to request live trading. Track Data, through its relationship with
Track Securities Corp., a broker-dealer, intends to commence delivering on such requests by the
end of the first quarter.
Barry Hertz, chairman and CEO, said, ''We believe on-line trading is a natural evolution for our
myTrack market information service. The industry transformation from full service brokerage trading
to Internet trading is occurring at a rapid pace. Traders want to be empowered to trade themselves
supported by on-line research from Internet trading tools such as myTrack. We look forward to this
new opportunity.''
Track Data (Nasdaq-NMS:TRAC - news) provides real-time financial market data, fundamental
research, charting and analytical services to institutional and individual investors through dedicated
telecommunication lines and the Internet. It also disseminates news and third party database
information from more than 100 sources worldwide. The company's main products include
MarkeTrack, MarkeTrack98, Track Online, Dial/Data, NewsWatch, NewsWeb, myTrack and
ProTrack. Track Data's AIQ Systems division offers expert systems software, including artificial
intelligence products for market timing and stock selection. Additional information may be obtained
by contacting Cindy Belmore, Investor Relations, at 718/522-7373 or by e-mail:
cindy_belmore@tdc.com or by visiting Track Data's web site at tdc.com.
Now for something even more funny, just please look at their PR's. They make PR's about LIVE CHATS!!<VBG> These people are loony.
I don't really see this company becoming an on-line brokerage powerhouse (especially with $551,000 in cash). PLEASE look at their PR's.<G>
Hraka
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