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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar)
VNE 36.950.0%Apr 1 5:00 PM EST

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To: DARPA who wrote (859)4/8/1999 6:05:00 PM
From: Michael M. Cubrilo  Read Replies (2) of 974
 
VNE up 50% today, with no news release. The 2nd run has begun. Ian, although I agree with many of your comments from a stock analysis point of view, we have to remember that the majority of these issues are trading on the PROMISE of future earnings and the POTENTIAL of the internet market.

Most of these stocks, including BII and others, have NO EARNINGS yet... YAHOO now trades at a market cap greater than Boeing! How about Versus (V), American Gem (GEM). The bottom line is that the trend is your friend, the sector is hot. Personally, I feel that VNE is going to have its day again. In fact, now is time for a positive news release and this one will fly.

Mike
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