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Strategies & Market Trends : Asian Star Development (ASTV) Entertainment/sports/gaming -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (125)	1/27/2000 9:26:00 AM
From: CIMA	Read Replies (2) \| Respond to of 243

Thursday January 27, 3:36 am Eastern Time Company Press Release Asian Star Development, Inc., Enters into Joint Venture to Develop Malaysian Superport HONG KONG--(BUSINESS WIRE)--Jan. 27, 2000--Asian Star Development, Inc., (OTCBB: ASTV - news) announced today that it has signed a formal Joint Venture Agreement to develop a US$2.3 billion Superport facility in the State of Kelantan, Malaysia. Parties to the agreement are Asian Star, Prestasi Harmoni Sdn. Bhn. (Formerly Prima Sukma Sdn. Bhd), a private Malaysian company and Keloil Sdn. Bhd., a private Malaysian company owned and operated by the Government of the State of Kelantan, Malaysia. Under the Agreement, Asian Star will acquire an existing fully operational LPG cylinder manufacturing plant and an associated LPG bottling plant, with current clients such as Esso and British Petroleum. The Project also includes the exclusive right to install a deep-water port facility for tankers. Mr. Stephen Chow, Chairman of Asian Star stated, ''We are extremely excited about this opportunity to utilize our project development experience and make a positive and meaningful contribution to the expansion of the oil and gas industry in Malaysia.'' The above statements in regard to Asian Star Development, Inc. which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Asian Star Development, Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes. -------------------------------------------------------------------------------- Contact: Asian Star Development, Inc. Stephen Chow, 011-852-2721-0936 (Chairman & President) info@asianstardev.com www.asianstardev.com

To: scouser who wrote (125)	3/2/2000 2:29:00 AM
From: CIMA	Read Replies (1) \| Respond to of 243

From Raging Bull: ASTV - i'm certainly no chart guy but i do know how to cut and paste. here's a T/A description of ASTV from wall street city. and here's the link to get to it. just click on the dcipher button: tscn.com ASTV last opened for trading at 6.125. The stock traded as high as 6.250 and as low as 6.125, a trading range of 2%. The last trade for ASTV was 6.187 on volume of 79,200 shares traded. The stock has traded 198% of its thirty-day average volume. ASTV is exhibiting a substantial positive divergence from its 200-day moving average line. Demand for the stock has pulled its share price upward. Insofar as the moving average line describes the price trend of a stock over a specific period of time, a move this large away from the 200-day average indicates that ASTV may be overextended, but also tells of long-term strength. With a significant positive divergence from the 50-day moving average line, ASTV is posting strong positive gains. The stock may consolidate briefly in the short-term before the next upleg in its current trend as some investors might consider it overbought at this time. The 50-day moving average line is a reliable intermediate-term indicator. The greater the divergence from this line, the more profits there are to be had for short-term players. If the stock pulls back on decreasing volume and volatility in the near-term, this is a positive indication of strength in its current range for ASTV. With a significant positive divergence from the 10-day moving average line, ASTV is in a short- term uptrend. If the stock is also above the 50 and 200-day moving average lines by a substantial margin, this uptrend might be considered long-term and the stock would be considered overbought in the short- term. Understanding the relationship of a stock's price with respect to these three important indicators is an essential investment concept. Furthermore, properly timing entry and exit points for any investment (over any period) requires a sophisticated understanding of a stock's proximity to its moving average lines. If ASTV shows to be firmly above its 10-day moving average line but is below either its 50 or 200-day line, the stock might be reversing a downtrend or rallying in the short-term. Additionally, volume is an important indicator to consider in conjunction with the moving average lines. The higher the volume for a stock when it moves above or below its moving average lines, the more significant any technical divergence is for investors. As measured by a combination of the MACD indicator, one-week relative performance and moving average ratios, ASTV exhibits positive short-term momentum. The stock has been gaining ground recently, and this powerful combination of technical indicators imply that ASTV is in a short-term uptrend. Further investigation of the long-term technical rank may reveal the stock to be at the start of a new upleg. The stock could be beginning a new uptrend or continuing a long-term one. ASTV looks to be in an uptrend, ranking in the top half of all stocks with regard to long-term technical rank. The stock scores a positive divergence from the 200 and 50-day moving average lines and has posted notable gains in the most recent twelve and twenty-six week periods. ASTV therefore exhibits long-term growth potential in its current trend. ASTV is showing improvements in growth potential given its recent gains in long-term technical rank. With its latest open at 6.125, ASTV shows a positive opening gap of more than 5%. This price action is indicative of increased investor demand for the stock, but further research is required to uncover what news or events are driving ASTV's forward momentum. The above report is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. Follow this link for the full disclaimer. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)