K2 Design, Inc. ready to break out?!! (KTWO) Message Board

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Microcap & Penny Stocks : K2 Design, Inc. ready to break out?!! (KTWO)

KTWO 27.50

0.0%

Nov 9 4:00 PM EST

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To: praguepivo who wrote (371)	5/3/1999 1:42:00 AM
From: John Walz	of 385

The Internet & Casino Stock Report May 3, 1999 Market Overview: Wall Street went on a wild ride Friday. After rising 80 points the Dow dropped nearly 300, then rebounded 110 to close at 10,789, down 89 points on the day. Bonds were badly beaten as first quarter GDP came in stronger than expected. The 30-year bond dropped nearly 2 points bringing the yield higher to close at 5.69%. For the coming week expect stocks to take their cue from the bond market. At 11PM Central time Sunday June Nasdaq futures are now up 11 points; Dow futures are down 4 points. Japanese stocks are weak. Stocks to Watch: Online music retailer CDNow (CDNW) gained 21% Friday to close at 19 3/8 on 4 times normal volume. Continued speculation that Time Warner is in talks to acquire the company seems to be causing the run-up. CDNow is scheduled to announce 1st quarter earnings after Wednesday's close. Continued strength in CDNW could bring players into second tier competitors such as music CD seller K-Tel International (KTEL). K2 Design (KTWO): This online design and advertising firm is no stranger to this report. With two online advertising companies going public this week, including Flycast Communication (FCST), there may be further action in established group leaders; Doubleclick (DCLK), Modem Media Poppe Tyson (MMPT), and 24/7 Media (TFSM). K2 is a related company with a market cap of just 11.7 million and a small float of 1.6 million. They also own 149,000 shares of TFSM worth over $6.6 million. This stock is a steal at its current level of $3.00 with an objective of $6.00 Low volume in this stock calls for the use of limit orders. Patience is also required while we wait for this one to "pop." You can lock this stock away in the vault if you like. Current Penny Pick: Group V Corporation (GRPV), company says it will sell lottery tickets online (www.lottoticket.com). The company publishes Lotto World Magazine and should follow high-flyer eLottery (ELOT). We purchased this stock on Friday at 0.29 on a gap open breakout above the previous range high of 25 cents. Daily volume has increased to 6 million shares. Our target range is 50- 60 cents. To sign up fort his free newsletter please visit our website: www.walzco.com/trdrjohn The information provided above is believed to be accurate. Earnings and revenues may be estimated for the purposes of evaluation and comparison. This letter is a general circulation publication. We do not give investment advice, nor do we at any time manage or direct the funds of any person or company other than our own. Positions contained in this report are the publisher's personal trades, and are not intended as trading advice for readers. This report is issued solely for informational purposes and content is not to be construed as being an offer to sell or a solicitation to buy any security. We do strongly recommend that readers contact their personal investment advisor or broker for advice pertaining to any investment questions they might have. The publisher is not a registered investment advisor, but rather a news editor and a stock trader for his own account.

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