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

To: Micropicker who wrote (5053)	6/12/1998 11:59:00 AM
From: Micropicker	Read Replies (1) \| Respond to of 25711

SPTK - Voting on Tuesday! The Nevada State Gaming Commission is going to vote on Tuesday as to whether or not Spintek's AccuHopper system can be used to change the way that hoppers are filled on slot machines. Presently, two signatures are required to verify how much has been placed into each hopper. This requires lots of wasted staff time. The vote will be to allow the AccuHopper system to replace the second signature. The stock recently jumped from the mid 50's up to 75 cents on no news, but has fallen back to the the low 50's. My guess is that the system was ready a while ago, which caused the run-up, however this last approval prevented it's deployment--causing the stock to drop. It could quickley spring back or exceed those levels if the vote is favorable. You can be ahead of this news story, and with a 2 cent spread, you have little downside. Shares issued is 18,673,055 Directors & Execs own 21.6% of common. 3 Large owners hold 58.5% of common. This leaves a public float of under 2 million! spintek.com