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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (51377)	5/14/2002 7:35:08 AM
From: LORD ERNIE	Read Replies (1) \| Respond to of 65232

Didn't sell: Golf Entertainment, Inc. (GECC: .12) closed up .04 or 50% on unusual volume of 1.3 million shares. The average daily volume is 152,000 shares. The key for this stock is the structure. The total outstanding shares are reported as roughly 9 million with 2.3 million in the float. The Company had been inactive for nine months until earlier this year when it started issuing press releases again. Golf says it is now the only Spanish-language television broadcaster in Arkansas. The company is apparently broadcasting 24-hours a day in Springdale, Arkansas on K20CT. The company said it expects the call sign of K20CT to change to KVAQ in the near future. An application to change the call sign was filed on January 4th according to FCC records. The UHF TV station is also carried on a local cable system that caters to Hispanic viewers. The company estimates it has approximately 35,000 local viewers. The expansion goals the company lists for the first half of fiscal 2002 include establishing two additional TV stations in Alabama, three in Arkansas, two stations in Mississippi, two in Oklahoma, and one each in Virginia, Tennessee, Georgia and North Carolina. Each of the thirteen new locations will be fed with a mixture of Hispanic Television Network (HTVN: .03) programming and local advertising. The chart shows a stock trying to run after reaching a low of .025. The annual high is .30. It's too early to tell whether this is a real ground floor opportunity or a major pump job. So far the newest press releases talk about adopting new accounting practices and a stock buy back program. Is the Company itself causing the current rally? Tomorrow will be interesting. If the momentum can continue this one looks good for 100% move.