Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?

To: robert duke who wrote (4383)	8/2/1999 11:19:00 PM
From: Techplayer	Read Replies (2) \| Respond to of 8858

robert, that I could not guess. There will be a pop on the news, I am sure. From where and to what, I do not know. The MM's methodically walked this down again today. My suspicion is that they are accumulating shares again, like last Tuesday. I am in this for the long haul while trading additional shares at every opportunity. I am in at 16 on Friday and 14.5 today on new shares. A return to 20 would yield a nice short term gain. I expect us to exceed this over the next 6 weeks. The risk of dumping and hoping for 10 is that you may miss the bottom or we may be at the bottom, but I would not bet on that. Brian

To: robert duke who wrote (4383)	8/3/1999 11:49:00 AM
From: THOMAS GOODRICH	Read Replies (4) \| Respond to of 8858

robert, No one could in the world could possibly have an accurate answer to your question as to highs, lows and what/if scenarios. My best guess is that SNMM could conceivably drop below $5 or shoot up $10 in a matter of minutes on a rumored response from the company which could occur as early as today. This stock should prove a stellar performer to those who hold rather than day trade. While some of facts detailed in Gambling Magazine are true, they were not previously unknown to Starnet's clients and partners and further, nothing they have detailed appears materially significant. A case in point, Starnet DOES in fact serve content out of Canada, not wagering transactions which is what co-located servers are all about. Gambling Magazine and their cohorts have been very desperately mining for dirt on this company and it's becoming more and more obvious they have done very little research on Starnet or the online business prior to going to press. The SEC "is" is conducting a an investigation related to their proposed NASDAQ listing and the DOJ not long ago admitted they have no jurisdiction due to lack of federal legislation applicable to Internet Gaming. Yet, the magazine made a "mountain out of a molehill" on this as well. As is now apparent, there is a very serious disconnect with reality in the inroads Starnet is making versus the current selloff of the stock. Regardless of any pending or potential litigation virtually all of this will be forgotten about in a month and gamers using Starnet's facilities have no concerns whatsoever over whose engine processes their wagers! Thus far, none of the Starnet or Global Interactive web site operators who were polled that are producing in excess of $2 million dollars per month in revenue can substantiate allegations of over billing or cheating, etc. This is all very amusing to watch because in the end "smart money" will likely end up owning all of those cheap SNMM shares.