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Pastimes : DD's DD -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (663)	12/22/1999 12:10:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 2080

Presto and here it is: To: DenizkurtE@aol.com MIME-Version: 1.0 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: 8BIT Content-Language: en X-Mailer: Windows AOL sub 45 Dear Investors: 12/21/1999 Well, this has been another interesting week or so. Some of you have asked for updates on stocks I have mentioned in previous newsletters. I do not plan on doing this a lot as it would just lead to additional email in your mailbox recapping things you probably already know. I am sure you can all appreciate that. You must make your own decisions about investing and as my disclaimer says I won't give specific advice on when to buy or sell a stock. All I can try and do is give you new verifiable information and commentary with my opinions. What you do with that information is for you to decide. ECNC had a nice week. I won't go over specifics because those of you that are following the progress don't need me to tell you what you already know. I can tell you that Tom Hughes the CEO called me on Monday December 20,1999 at approximately 9AM. I had asked him about the buyback since there was some confusion on the message boards. Tom said they are buying back $1,000,000 worth of stock. The company will hold the stock in certificate form. This does not change the outstanding number of shares but it does reduce the amount of shares in the float. ECNC appears to be just beginning a sustained uptrend <A HREF="http://www.clearstation.com/cgi-bin/do_peek?Symbol=ecnc&Refer=http%3A%2F %2Fwww.clearstation.com%2Fcgi-bin%2Ffocus">http://www.clearstation.com/cgi-bin /do_peek?Symbol=ecnc&Refer=http%3A%2F%2Fwww.clearstation.com%2Fcgi-bin%2Ffocus </A> With this uptrend will come volatility. For those who feel they can take advantage of the volatility and time short term trades that is great. For those that can't then sit back and watch as the company continues to execute its business plan. PNEC is now trying to break the 50 day EMA <A HREF="http://www.clearstation.com/cgi-bin/details?Event=peek&Symbol=pnec&Refer =http://www.clearstation.com/cgi-bin/focus">http://www.clearstation.com/cgi-bi n/details?Event=peek&Symbol=pnec&Refer=http://www.clearstation.com/cgi-bin/foc us</A> Volume has been coming into the stock as people start to realize that in my opinion 1999 was a turnaround year for the company. From the December 15th PR "For fiscal 1999, net revenues increased 25% from approximately $35,152,000 for fiscal 1998 to $43,791,000 for fiscal 1999. The Company had net income of $278,462 for FYE 1999 compared to a net loss of ($645,464) for 1998. Due to the Company's obligation to pay a preferred dividend of $353,199 earnings per share allocable to common shares were reduced by $353,199 resulting in a loss of (.01) per share as compared to a loss of (.37) per share for FY 1998 ended August 31, 1998". This in my opinion says it all. Going from losing (.37) cents per share to losing (.01) cents per share definitely proves to me that things are going in the right direction and the year 2000 will be an important year for this company. The MM's have dropped the price on very low volume yesterday giving us an opportunity to add to our position. Again if you want to try and time this one that is fine but you may miss a nice gain when it breaks its overhead resistance. TTLN is sitting flat after surging ahead a few weeks back. There was a conference call yesterday and this post #27219 on the RB board sums it up best <A HREF="http://www.ragingbull.com/mboard/boards.cgi?board=TTLN&read=27219">http: //www.ragingbull.com/mboard/boards.cgi?board=TTLN&read=27219</A> I think this stock will take a little time to develop just like ECNC but when it starts to move it will be fast as the float is very low. The company continues to upgrade and work on their websites, hmmmmâ€¦. Could they be getting ready for something we haven't heard about yet? Only time will tell. Have you figured out what I try to do with my investment style? I try to get in position before big volume comes into a stock. You know my rules; I don't chase a stock. I much prefer taking a position in a company while there is no excitement based on my DD so that when the excitement does show up I don't make bad decisions (remember my rule #5, don't get emotional when investing). This is business. Getting emotional leads to bad and snap decisions. My goal is for all of us, is to have more successes than failures. If we achieve this, our portfolios will appreciate. Erol Denizkurt PO Box 215 E. Taunton, MA 02718 508-823-7331 phone 240-331-5618 fax Disclaimer: I am not paid by anyone. I am not a licensed professional. I may have a position in any stock that I mention or I may not. I don't hype or bash. I just give my personal opinion. Please verify all DD and information I present to you. I try to remain objective at all times. I will try and use this newsletter to help those on the list get answers to questions that you may have. If you are on my list and want to unsubscribe just send an email to me and I will remove you with an apology. Please do not ask me if you should buy or sell a stock only you can make that decision