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Non-Tech : International Lottery and Totalizator Systems (ITSI) -- Ignore unavailable to you. Want to Upgrade?

To: Stefan Andreasen who wrote (54)	11/9/1997 3:32:00 PM
From: shawn a. becker	Read Replies (2) \| Respond to of 160

THE conference call went well . Times past after reporting a loss the stock has gone down .This time it has gone up the selling up around 2 $ came from some people i knew that had some significant positions that decided to scale back and come back in when they anounce some news .They had no other reason but that.Otherwise ther has been little selling and the market makers are unwilling to short stock because selling has dryed up and the momentum is turning up.Right before stock went up i 93 Berjyia put money into company which he is doing again .Then the only thing they had going on was the propect of Russia.Today thye have much more going on and are in better position to get more and longer term business.They have 5 times the backlog they did last yr at this time, margins are better SG&a went down and they still have a good cash position. AS i am writting this the cfo is out of the country signing up some major biz which i believe is the HONG KONG JOCKEY CLUB could be as much as a 15 million $ contract and i think that could be followed up by south Africa an some other contracts before the end of the yr.I talk to the CFO on a regular basis and he is very optimistic about things going forward and expects 98 to be a banner Year.I have learned to read between the lines with this guy .I am increasing my position next week and look for a major contract from hong kong in 2 wks. or less and expect the stock to hit 5 to 6 before year end and drift back to 4 on year end profit taking and the go much higher in 98.I currently hold in excess of 540 thousand shares and will increase it more and am not looking to sell any time soon and thats not bragging thats haw sure i am tis company is in a turnaround mode. They are in better shape now the they were in 93 and there is 10x the biz out there. This stock is a buy below 2 1/2 i expect it to be over 3 fairly soon it tends to mirror what TTE does ,look at long term charts.