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Strategies & Market Trends : STEAMROLLER'S DAYTRADES -- Ignore unavailable to you. Want to Upgrade?

To: STEAMROLLER who wrote (550)	8/25/1998 8:45:00 PM
From: Ernest Poe	Respond to of 1561

Take a look at WESC. The float is only 100,000 and the momentum is great. The company is expecting earnings to be out next week. They are looking at .12 to .18 cents a share. This one moves quick. i saw it today. Jumped from .08 to .18. Thanks, E.P.

To: STEAMROLLER who wrote (550)	8/26/1998 6:50:00 AM
From: starpopper	Respond to of 1561

Hey guys, looking for daytraders opinions on DJT. Is "The Donald" targeted...would you still short at $4 or bet on a bounce? My thinking is there is a floor at $3.5 due to the HIGH probability that his $1.8 billion in debt financed at 11.75% can be reduced to the 9% range this year! DuestchBank is about to close on a $300 million package, and I expect to see others follow. Although he is currently feeling the pinch of a lack of Asian "high rollers" visiting his properties, he just may well wind up benefiting by the Asian Contagion! Substantial funds are searching US shores for safe haven against an unstable world financial market...with T-Bills in the mid 5% and DROPPING, wouldn't you be willing to park some $$ in Jersey real estate at 9%?! We are talking about a stock trading at 30% book value!!! When you have the kind of selling going on around the world it makes you wonder about how it's going to be redistributed! $tar.

To: STEAMROLLER who wrote (550)	8/26/1998 7:28:00 AM
From: STEAMROLLER	Read Replies (1) \| Respond to of 1561

INTERVIEW-CyberCash sees industry consolidation Reuters Story - August 26, 1998 05:41 By Narayanan Madhavan NEW DELHI, Aug 26 (Reuters) - The Internet electronic payment industry is heading for consolidation which could see more mergers, Bill Melton, president and chief executive officer (CEO) of CyberCash Inc , said on Wednesday. "There is a high possibility of that happening," Melton told Reuters in an interview on the margins of India Internet World, an international conference in New Delhi. "We would intend to be the consolidator and not the consolidatee," Melton said. Earlier this year, CyberCash acquired ICVerify Inc in a merger worth $57 million, a key step forward in an industry which is now small but seen as holding high potential as Internet fuels easier transactions through electronic wallets of the kind Melton has championed. ICVerify competes with Hewlett-Packard Company's Verifone unit, the world's dominant supplier of electronic payment systems to store retailers. Melton was a founder of Verifone before it was bought by Hewlett-Packard. Easy-to-carry electronic "wallets," substituting for cash and credit cards, involve secure transactions, digital signatures and identification in an industry that merges the principles of high finance with high technology to achieve consumer convenience. Melton said CyberCash, after a bad experience in early electronic wallets, last week launched InstaBuy, a "one-click" product aimed at boosting buying ease. "We spent tens of millions of dollars learning what the market wants and what the market doesn't want," he said. "Among other things, the market does not want a fat wallet or a large client piece software," Melton said. InstaBuy involves a facility in which the buyer does not have to fill in personal details. "It is convenient, it is fast, it provides security," Melton said, pointing out that the product was issued by banks, offering safety to consumers. "We feel there is a 20 to 30 percent dropout when consumers have to fill in additional forms," Melton said. "Christmas 1998 I think is going to be the first year of serious consumer shopping on the Internet, and I would anticipate that the InstaBuy wallet would become very popular during that period," he added. Melton said he was "comfortable" with revenue forecasts of $15-20 million in 1998. "Analysts who follow our company are projecting that we will have growth in the neighbourhood of 300 percent or more. So they are projecting sales of 15 to 20 million dollars," Melton said.