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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: BigTex who wrote (810)	6/16/1999 10:36:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 2514

BT, from today's WSJ: CustomTracks recently traded at 32 1/2, down 8 15/16, or 21.6%, on Nasdaq volume of 2.1 million shares. Average volume is 1.2 million. The stock shed 4 29/32, or 10.6%, to close at 41 7/16 Monday. The Dallas company, which is trying to break into the business of securing financial transactions on the Internet, doesn't currently have any products on the market. Sands Brothers & Co. analyst David Zale attributed the stock's decline over the past two sessions to an unforgiving market for companies that haven't proven themselves. "It's difficult enough to value a company in the Internet space that has sales, and sales growth, and a real business plan," Zale said. "It's really impossible to value a company that has a concept that exists on paper and no track record."