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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (4632)	6/11/1999 11:29:00 PM
From: Elio Madama	Respond to of 6957

analystgroup.com Daily Stock Review DIAMOND ENTMNT (OTC BB: DMEC): The stock rose 21.21% to finish at $0.20, as the market positively reacted the news that DMEC is entering into agreements with its two largest business creditors to convert their remaining loan balances totaling $1.9 million into one-year restricted common stock. The ratio of buy to sell is about 2:1 with a decent volume of 1.033 million shares. Some market makers have tested the water by trying to walk down the price in the past week. However, buys have consistently outnumbered sells even when the price was down in the past several days. That means market makers have to reduce its inventories or to increase its short positions as a whole. Now some market makers appear to change its positions. One market maker (our old buddy who broke its back when we played the game on GRPV), who sold several million shares at teens ($0.10 to $0.12), was on the top of the bid for a while today. One market maker, who sold several million shares between $0.18 to $0.23, disappeared on the top of the ask quickly after selling about 50 K shares. One market maker, who sold several million shares between $0.15 to $0.18, appear to be neutral. Now two biggest market makers, who have been accumulated the shares, seem to push the stock up. If these two market makers, who have sold several million shares, join to bid the stock up, the game will really start. Of course, any great news as we expect will add firepower to the stock. Let's hold the stock for the best. Our short-term target price is $1 to $2. -------------------------------------------------------------------------------- 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). DISCLAIMER: analystgroup.com is not a Registered Investment Advisor or a Broker/Dealer. The information that the Undervalued Dog provides is not a solicitation to buy or sell securities. We do not accept payment of any kind from the companies w e introduce or their public relationship firms. This communication reflects opinions of individual analyst only. This report has not been reviewed or approved by the company. The information, opinions and analysis included herein are based on source s belie ved to be reliable and in good faith but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. Investing in securities is speculative and may carry a high degree of risk. As a reader of the Under valued Dog you will be responsible for your own trading and investment decisions. You have to set your own goals whether you want to invest for short or long term. The Undervalued Dog or analystgroup.com is not responsible for your investment decision a nd not liable any loss that you may incur on the stocks that we profile. We give you ideas, stock picks, and buy alert to work with. We advise you do a little research yourself to make a proper investment decision depending on your own risk objectives. Investors should review a complete information package on the Company, which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings. All information contained in this report should be independently verified with the Company mentioned herein. From time to time, associates of analystgroup.com may have positions on stocks that we profile. The receipt of this infor mation constitutes your acceptance of these terms and conditions. For the complete disclaimer, please check analystgroup.com SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS: Except for historical information contained herein, the statements on this website and newsletter are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Secur ities Re form Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among ot her things, product price volatility, product demand, market competition and risk inherent in the companies operations.

To: Ga Bard who wrote (4632)	6/11/1999 11:36:00 PM
From: Elio Madama	Respond to of 6957

ddstocks.com 6/11/99*DMEC*- Today's buzz on DMEC was all about the debt. Everyone seems to believe the conversion was very important for the company. The stock reacted positively and this was not a buy on rumor sell on the news situation. We did not feel it would be, because there is too much potential here. DMEC closed the day at $0.20, right at the highs of the day for a strong close. Today, 4 form 4's were filed, which goes along with the company's resolve to keep shareholder's informed and comply as reporting companies do. We will be adding a link to read about the Form 4 for all interested (Form 4 info). This weekend we will be updating the DMEC profile under short-term picks to include some of the domain names they have registered. Everyone can expect these to be posted sometime tomorrow. From what we know this is just the start of things for DMEC, even though the debt conversion news was fantastic. Next week should be interesting. Enjoy the weekend!