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

To: Joe Copia who wrote (9723)	11/9/1998 9:46:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 25711

What is the deal with CML? I was reading the CML thread and the recent news release stating that they had filed chapter 11. Message 6320344 Does anyone think they are going to go up, and if so, why? Do you think they will be bought out? Also, the NYSE is reviewing whether or not they get to stay listed. biz.yahoo.com CJ

To: Joe Copia who wrote (9723)	11/10/1998 11:13:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 25711

GMAI a poor man's EBAY?>''In our view, Teletrade is unique among Internet and telephone auction companies because it guarantees its customers proper grading or the purchaser's money is promptly refunded. It collects all payments and ships all goods, thereby assuring both buyers and sellers prompt, reliable settlement. Teletrade and GMAI have decades of auction experience and understand the possible pitfalls of unsupervised Internet auctions. Over twelve years, without fanfare, Teletrade has quietly built and perfected an important niche auction house based on 21st century technology, selling via the Internet and touch-tone telephone while protecting customer confidentiality.'' Mr. Manning also stated, ''Up until now, eBay, Inc. (NASDAQ-eBAY) and OnSale, Inc. (NASDAQ-ONSL) were considered to be the only publicly owned auction firms utilizing the Internet. The acquisition of Teletrade not only provides us with proprietary technology enabling us to conduct live auctions over the Internet, but also allows us to do so simultaneously via touch-tone telephone. The advanced telephony applications have been pioneered by Teletrade since 1986. As a result, GMAI will have the ability to reach 98 percent of the homes in the United States and Canada, as compared to Internet only auctions, which reach a small fraction of potential U.S. and Canadian households.'' ''GMAI is now uniquely positioned as a public company to expand Teletrade's product lines, increase its customer base and explore the globalization of this company with multi-lingual platforms. Moreover, through the recent launch of diamond auctions by Teletrade, GMAI will now have the ability to reach out into the international marketplace for expansion. Further research and development expenses are contemplated which will be handled in the ordinary course of business -Nov. 10, 1998--Greg Manning Auctions, Inc. (NASDAQ: GMAI - news) announced today the appointment of Leon Liebman to its Board of Directors and as a consultant to the Company. Mr. Liebman is one of the three partners of Teletrade, Inc., which was recently acquired by GMAI. In announcing the appointment, Greg Manning, Chairman, President and Chief Executive Officer of GMAI, said, ''We are pleased to have Leon Liebman as a Board member and a consultant. Mr. Liebman has an intimate knowledge of the potential impact of the Internet on the auction industry and is now also a major shareholder in GMAI.'' Mr. Manning continued, ''Mr. Liebman's strong technical background will be invaluable in assisting GMAI in accomplishing a swift transition to fully automated Interphonic (combined Internet and advanced telephony systems) auctions, similar to those used by Teletrade, while still offering our clients the full service and confidentiality of our traditional live auctions.'' Mr. Liebman previously served as director of Roger Starch Worldwide, Inc., a market research company and the royal blue group, plc, a help desk and financial systems software company. He founded Interactive Market Systems, Inc., a private investment company acquired by VNU in 1983. Mr. Liebman currently resides in London. He is a graduate of the Wharton School of Finance and Commerce and the MIT Sloan School of Management. Smaller float than EBAy too. And a real surprise, they already make an operating profit. Worth a hard look, imo.