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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (17893)	7/22/1999 4:41:00 PM
From: Wes Stevens	Read Replies (2) \| Respond to of 56535

Dave if we are in a one or two month correction then we are in real trouble. One thing that I for one believe is that come Sept. the market is going to tank because of y2k worries. MSFT saying that the second half of the year would not be good is just a drop in the bucket. You may be right, but if that is the case we should all go short now.

To: Canuck Dave who wrote (17893)	7/22/1999 4:49:00 PM
From: LTK007	Respond to of 56535

<<Did Greenspan say anything to make people start dumping, or is the last 3 day's action generating its own inertia?>> Greenspan refused to promise their would be no interest rate hikes in the future---and that was all it took,basically. O yes,he continued to have concern about the employment numbers,saying at some point the law of supply and demand must show itself in the wage average--which then would be inflationary,which then would call for interest rate adjustment etc etc yada yada

To: Canuck Dave who wrote (17893)	7/22/1999 11:28:00 PM
From: roddio	Read Replies (2) \| Respond to of 56535

CRY -T posted 2nd Q results tonite. Competitor to SNMM but much cheaper at 17.30CDN Generally thin trading though...... CryptoLogic Inc CRY Shares issued 8,504,445 Jul 22 close $17.30 Thu 22 Jul 99 News Release Ms. Jenny Solursh reports CryptoLogic total revenue for the three months ended June 30, 1999, totalled $8.0-million (U.S.), an increase of $2.8-million or 54 per cent over the same period last year. Net income for the quarter totalled $4.9-million, an increase of $1.6-million or 48 per cent over the same period last year. As a result, earnings per share in the second quarter of 1999, were 57 cents compared with 39 cents in the second quarter of 1998. On a fully diluted basis, earnings per share were 32 cents for the second quarter of 1999, compared with 22 cents for the second quarter of 1998. At the end of the second quarter, CryptoLogic's cash and cash equivalents, including restricted cash totalled $36.4-million. Total revenue for the six months ended June 30, 1999, totalled $16.2-million (U.S.), an increase of $4.8-million or 42 per cent over the same period last year. Net income for the six months totalled $10.3-million, an increase of $3.1-million or 43 per cent over the same period last year. As a result, earnings per share in the first six months of 1999, were $1.21 compared to 87 cents in the first six months of 1998. On a fully diluted basis, earnings per share were 67 cents for the first six months of 1999, compared to 48 cents for the first six months of 1998. Second quarter (in millions of U.S. dollars) 1999 1998 Revenue $8.0M $5.2M Net income $4.9M $3.3M Earnings per share 57 cents 39 cents Six months ended June 30 (in millions of U.S. dollars) 1999 1998 Revenue $16.2M $11.4M Net income $10.3M $7.2M Earnings per share $1.21 87 cents Total revenue for the second quarter was 3.4 per cent lower than in the first quarter of 1999. In 1998, total revenue for the second quarter was 15.6 per cent lower than in the first quarter of that year. Management believes that this trend can be attributed to seasonality and is similar to what is noted elsewhere in the Internet industry. The effect of seasonality is considerably less in 1999 (3.4 per cent) than in 1998 (15.6 per cent). On April 15, 1999, the company intended to apply for listing on the Nasdaq national market. Management anticipates the submission of its application to occur in the early fall as scheduled, enabling greater investment exposure in the United States marketplace. Pursuant to the normal course issuer bid, the company purchased 25,000 common shares at a price of $17.50 (Canadian) during the latter part of June, 1999. Under the issuer bid, which expires on May 12, 2000, the company has the right to purchase an additional 400,000 common shares. During the quarter, CryptoLogic's wholly owned subsidiary, IOLL completed two new licensing agreements for its gaming software and looks forward to the launch of version 4.0 of this leading gaming application in the latter part of 1999. Management also continues to pursue opportunities in worldwide markets including Australia, Asia and Europe to promote its state-of-the-art Internet software applications for both electronic commerce and Internet gaming. CryptoLogic's gaming software is currently accessible in Japanese, English, and Spanish with several additional languages becoming available in the coming year. The additional languages that are becoming available will increase the potential to expand into international markets and appeal to foreign jurisdictions. (c) Copyright 1999 Canjex Publishing Ltd. http