ASK: "THE LAST DON" OF MOMENTUM TRADES Message Board

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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES

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To: hoffy who wrote (13329)	5/13/1999 9:40:00 PM
From: VelvetX	Read Replies (1) of 15987

DIAMOND ENTMNT (OTC BB: DMEC): The stock squeezed up 3.7% to finish at $0.14 with little heavy volume of 1.365 million shares. We noticed that there were many buys this afternoon. The word is that the company will launch its e-commerce web site next week. Analysis of trading activities in the past three weeks indicates ratio of buy to sell is 5.6:1, but the price still stays in the trading range of $0.10 to $0.12. Have we seen it before? When we profiled GRPV last March, the stock stayed in the trading range for three weeks with active trading. We held the shares strong and broke backs of some market makers and they finally gave up. Now check GRPV out now, it's $1.00!!! According to one source, two market makers have not recovered so far. Now, we are in the similar situation. Market makers are running short of over 5 millions shares of DMEC! But we feel DMEC is better in terms of its fundamentals. If we hold strong again, we will see a better result. First, DMEC has own product lines. Second, DMEC distributes merchandises by both traditional way and Internet. Third, DMEC is looking out for new products, they just signed an exclusive marketing agreement for a new 6 1/4'' Screen High Performance PC Executive Notebook Computer from a manufacturer in the Orient. As we believe we have a ground floor opportunity here! The stock is upgraded to strong buy from buy under $0.18. ------------------------------------------------------------------- Copyright 1999, analystgroup.com. All rights reserved. Persons may reprint or copy any portion of this publication, provided any reprint or copy is accompanied by our web address (http://www.analystgroup.com)

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