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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: barbara sperino who wrote (3178)	5/20/1998 2:05:00 PM
From: ilh1	Read Replies (1) \| Respond to of 25711

XIN HUI, China--(BUSINESS WIRE)--May 20, 1998--The Chairman of Beacon Light Holding Corporation (NASDAQ OTC BB "BLHG") Jerry Gruenbaum, announced today that the financing is in place for the Company to move forward with the closing of its Joint Venture with Xin Hui Orient Light Company, a company owned by the Chinese Government . The closing of the Joint Venture with this Chinese Government owned company has been scheduled for Friday, the 22nd of May, 1998. This previously announced Joint Venture between Beacon Light, (BLHG), (the managing partner of the Joint Venture), Pinnacle International Corporation and Xin Hui Orient Light Corporation will allow the Company to operate a plastic injection molding factory in the Guang Dong province of the Peoples Republic of China. The factory is currently operational and is producing plastic products. The joint venture partner managing the business of the factory, Pinnacle, has secured potential clients for the factory including those in the Food Supply industry, Governmental parties of various countries, the Forest Products industry and the Medical industry. With this closing, Beacon hopes to fulfill the purchase orders which were discussed in prior press releases. Mr. Gruenbaum and the representatives of Pinnacle are expected to stay in China to attend the closing with various governmental officials, including the Governor of the province. Additional information, including previous press releases, on Beacon Light can be found on the Internet at www.wallstreetdaily.com CONTACT: Jerry Gruenbaum, President Beacon Light Holding Corporation 860/647-4855 Fax: 860/647-4820

To: barbara sperino who wrote (3178)	5/20/1998 2:36:00 PM
From: Russell Gish	Respond to of 25711

Barb, You gotta figure the MM's have a little more info if not a whole lot more than we can garner. The way I see it the picks that do have potential are always the ones that get hammered after a spike. Kinda like they know something we don't. What better way to make money than to churn. The MM's will buy you back if you let them because they know good and well there is gonna be interest down the road. Even short term traders need to exhibit some patience. Question for Joe concerning AMGV..... what was it that piqued your interest? No news in the pipeline from what I gather. Was this a gamble on Monday's volume increase? Obviously from my DD it's not a trading vehicle, but I am concerned that perhaps your followers may have misinterpreted your suggestion. I like the stock, but I think there needs to be some news in the pipeline before the trigger is pulled. I don't like to see dead money, so I'm just gonna keep an eye on this one and jump in....... looks like some support here at 7/16, but I'm sure there are some more Nervous Nellies who will dump under 3/8. Does 3/8 look like a better support? Sorry for being long-winded..... can't do nothing else while doing laundry. Yes, I do my own laundry. Good Luck, Russ