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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (24361)3/27/2001 7:23:36 PM
From: Ditchdigger  Read Replies (2) | Respond to of 29382
 
No GDP predictions, way beyond me<g>
Well the last X CEO of TSIG/TIGI (my favorite BB)
Made the news <ROFLLLLL!!> I've foolwed this stck for 3 years, and it's been worth every bit<lol>
TIGI, GeneralSearch.com chief indicted in $17M stock fraud

ENERGY, FINANCIAL SERVICES, INTERNET

By Bill Holland, LocalBusiness.com
Mar 27, 2001 07:49 AM ET


ST. PETERSBURG, Fla., March 27 (LocalBusiness.com) -- The founder of Chicago's GeneralSearch.com, the "family friendly" search engine acquired this fall by TeleServices Internet Group, is charged with conspiring with a Minnesota man to defraud investors of $17 million in an stock fraud involving the penny stock of a Los Angeles company, Keystone Energy Services.


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The indictments handed down by a Minnesota federal grand jury last Thursday charge TeleServices Internet Group vice-chairman Jeff Bruss, 34, with international money laundering, conspiracy, and securities fraud in connection with promoting Keystone stock.

There was no immediate word on what Bruss' future with TeleServices Internet might be. Company spokesman Paul Henry said a loss of Bruss might have minimal impact, "We're in the middle of restructuring the board anyway," Henry said. Bruss did not return a call for comment.

Federal investigation leads to charges
Prosecutors say Bruss promoted Keystone's stock through a Website he operated, The Future Superstock, and was paid at least 800,000 shares of the issue in return.

Following its 1997 appearance on his Website, the price of Keystone went from $5 to $12 per share and prosecutors say Bruss netted $6.9 million, which he stashed in Canadian brokerage accounts. Keystone's last quoted trading price was 17 cents.

The federal charges stem from a probe by the IRS, the FBI and the Customs Service into 1998 insider trading in Keystone shares (OTC Pinksheets: KESE). The government alleges that Elk River, Minn., businessman William Nordvik merged his New Environmental Technology firm into Los Angeles-based Keystone, then distributed all the shares to two company insiders -- claiming in SEC filings those shares were held by 12 investors.

Nordvik is alleged to have earned more than $467,000 in illegal Keystone stock sales proceeds, money prosecutors say he laundered through his parents' bank account.

Nordvik pleaded not guilty to charges in a previous indictment on the matter and is awaiting trial, according to a spokeswoman for the U.S. Attorney Karen Bailey.

Five other defendants from an earlier indictment in the same case have pleaded guilty to insider trading charges earlier this year. All are awaiting sentencing, according to the U.S. Attorney in Minneapolis. The new indictments add Bruss to the list of defendants and more charges to Nordvik's case.

Bruss moves to TSIG via GeneralSearch merger
Bruss, the titular head of TeleServices Internet after chairman Scott Roix resigned in the wake of Roix's Affinity Group's decision to back out of a merger with TeleServices Internet earlier this year, has had run-ins with regulators before. In 1998 the SEC permanently enjoined him from promoting stocks through the now-defunct Future Superstock site without telling readers he owned shares he was pumping.

As chief executive of Chicago search engine GeneralSearch.com, Bruss closed a $6.5 million private placement early last summer, then merged GeneralSearch.com into TeleServices Internet in exchange for a significant stake in the company, as well as a seat on the board.

TeleServices Internet was left at the altar twice by acquisition candidates like Tampa's Reliant Marketing and St. Petersburg's Affinity Group. Both companies backed out of mergers after getting a closer look at TeleServices Internet; Affinity cited material information that was not disclosed during due diligence.

Shares in TeleServices Internet (OTC BB: TIGI) open today's market at 32 cents, up a penny from a 52-week low of 31 cents set Friday. Prices had been as high as 62 cents the week before Christmas when the Affinity merger was still on track.

Bill Holland covers Tampa Bay for LocalBusiness.com. E-mail him with story ideas or comments.

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03/27/01 TIGI, GeneralSearch.com chief indicted in $17M stock fraud



To: Sergio H who wrote (24361)3/27/2001 8:51:17 PM
From: in_cog_nito  Respond to of 29382
 
Sergio: RDRT closed over the 50 day EMA and right at the 50 day simple MA. IQ chart shows RDRT having positive money flow 4 days in a row, though small today.

Stoch is at about 75 and rising. Pointing UP.

+DI is right at the -DI and pointing UP as the -DI is pointing down. If the +DI moves over the -DI, that would be Bullish on the DMI indicator. Be even more Bullish if the ADX was point and moving UP, instead of down. Another UP day and ADX will be UP and the +DI will be OVER the -DI.
I like the DMI indicator, almost as good as the IQ Zone.... which is still RED.

Chart aside, RDRT is over due for News. If PR/News hits anytime soon, RDRT will be well outside the 50/200 day MA.
A growing positive Nasdaq will help as well.

When RDRT has News, it seems they follow it up with more PR/News shortly thereafter.

Would not take much of a positive PR to move the stock up $1.00 on that alone.

CHKR is doing well these past few days after taking several hard hits last week. Could break a recent high, tomorrow.

NASDAQ and DOW might be giving back some gains Wednesday.

ICN



To: Sergio H who wrote (24361)3/28/2001 1:07:17 AM
From: Ken W  Read Replies (2) | Respond to of 29382
 
Sergio

"stocks trapped between the two moving averages"

Ah, Sergio, sharing my little secrets again????? <GGGGGG> RDRT has been so predictable due to just that very factor. 200 to 50 long 50 to 200 short. Now it is all out!!!!!

EXDS just became a contender for the same game for the next month or so.

Keep an eye on DELL. Break over 28 will take it to 30ish. as it broke over the assending triangle. MSFT is trying to do the same thing. Now, if the lousey NAZ will just co operate a bit, run and hold over 2100 we will be on the way!

Ken