Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

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To: Stock Watcher who wrote (7941)	5/4/1999 7:01:00 AM
From: Bruce Bland	Read Replies (2) of 52051

SW, RE: AFFI---For those that like stocks on an uptrend, this one has moved down over last several days and is now approaching excellent entrance target of 1.5-1.7. Also, see Internet Report below fundamentals. (After DD on Billy Shears-I'm back in my corner. :>( ) Affinity Technology Group Ticker: AFFI Page 1 of 10 Complete Financials: September 1998 Exchange NASD Earnings Announcement: December 1998* FY END DEC ISSUE DATA (04/30/99) PER SHARE DATA RATIOS Price $ 2.03 EPS (TTM) $ -0.50* P/E (TTM) NM* 52W High $ 4.47 Div. Rate $ 0.00 Yield 0.00 % 52W Low $ 0.19 Book Value $ 0.89 Price/Book 2.29 Shrs Out 29.50 Mil Cash $ 0.47 ROE (TTM) -45.56% Float 9.70 Mil Rev (TTM) $ 0.09 ROA (TTM) -42.72% Mon. Vol 14.96 Mil Curr. Ratio 13.48 Beta 1.53 LT Dbt/Eqty 0.00 BRIEF: Affinity Technology Group develops and markets technologies that enable financial institutions and other businesses to provide consumer financial services electronically with reduced or no human intervention. For the 9 months ended 9/30/98, revenues fell 62% to $2.2M. Net loss rose 1% to $11.1M. Results reflect lower sales and rental fees due to a decreased number of ALMs deployed, partially offset by lower research and development expenses. PRELIMINARY: For the 3 months ended 12/31/1998, revenues were 474; after tax earnings were -3,779. Affinity Technology Group (AFFI): Internet mortgage software provider continues to retreat from its April 14th high of 4 15/32. We again averaged down this afternoon @ 1 3/4, giving us a current cost basis of $2.64 At this juncture we are playing a favorite game of the market maker, that is; identify a volatile stock in an uptrend based on significant volume surges, accumulate on weakness, scale out on strength. Bruce ----I do hold a small position in this stock.

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