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

To: Brett Fleischman who wrote (10353)	12/3/1998 2:38:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) \| Respond to of 25711

SME's gonna fly..check this: This from DOW JONES: =Svc Merchandise Up-2: Shrs Up Despite Weak Same-Store Sa by: tech_stock_trader 2002 of 2005 -- =Svc Merchandise Up-2: Shrs Up Despite Weak Same-Store Sales -- By Raymond Hennessey NEW YORK (Dow Jones)--Service Merchandise Co. (SME) has joined a string of companies swept up by Internet euphoria. Shares of the retailer were trading more than 33% higher Thursday on market rumors the company planned to offer its products over the Internet. NYSE-listed shares of the company were up recently 7/16, or 33%, to 1 3/4, though the stock had been as high as 2 1/16. Volume was especially high. By early afternoon, more than 12 million shares had changed hands, compared with average daily volume of 405,000. The trading was especially unusual, observers said, because the company on Wednesday reported lackluster preliminary sales figures for the first part of the holiday season. For the period from Sept. 28 to Nov. 29, Service Merchandise said, same-store sales fell in the "low teens" on a percentage basis. Jewelry sales were up in "the high-single-digit range," while hardline sales were down "in the high-teens range," the company said. But traders said Thursday that the rumors about possible Internet sales were enough to overshadow the disappointing results. Individual investors especially have been "scouring the landscape" to find any company that might be eligible to join the Internet frenzy, said J.C. Bradford & Co. analyst Gary Dennis. Service Merchandise has had some Web sales already, though the company had not been actively advertising the availability of Internet sales, Dennis said. "It's been more of a soft sell," he said. Most the company's sales come from 354 stores in 34 states, according to company figures. Earlier this year, Service Merchandise changed its retail strategy from a catalog showroom chain to a retailer that focuses on jewelry and gift items. Simply offering products over the Internet has been a catalyst for a meteoric rise in shares of late. Last week, Didax Inc. (AMEN) unveiled a Christian music World Wide Web site and shares rose from 3 3/4 before the announcement to a 52-week high of 40 by Monday. Didax shares have since fallen back below 10. Officials from Service Merchandise couldn't immediately be reached for comment. The company's Web site was down Thursday afternoon. Dennis said that might be attributable to heavier-than-usual volume on the part of individual investors trying to get a look at what Service Merchandise already offers on the Internet. (MORE) DOW JONES NEWS 12-03-98 01:54 PM- - 01 54 PM EST 12-03-98 Symbols: US;SME Source DJ - Dow Jones

To: Brett Fleischman who wrote (10353)	12/3/1998 2:45:00 PM
From: Swingdr1	Read Replies (1) \| Respond to of 25711

QTNT -- some hope Company Expects To Receive Patented Two-Man, Ten-Second Tents By End Of First Quarter SALT LAKE CITY, Dec. 3 /PRNewswire/ -- Quick Tent Inc. (OTC Bulletin Board: "QTNT"), an emerging company, announced today that the production molds for its patented two-person "quick tent" have been completed, and will be shipped to the Company's manufacturing partner in China this month. "This is a very significant milestone for Quick Tent," said David L. Taylor, President and Chief Executive Officer. "We now are poised to jettison out of the development stage, and we should soon be seeing significant sales of our very unique product. When the production molds are delivered to our manufacturing partner this month, we will soon be able to begin filling firm purchase orders that we already have in hand. Completion of the production molds is the final major component we needed to enable us to mass-produce and thus commercialize our Quick Tent. "We expect the first production-run of tents to be in our warehouse by late first quarter," added Taylor. "As soon as the first production-run of two-person tents is complete, design and manufacturing of our three-and four- person tents will then begin. We expect to receive the first shipment of three and four-person tents by the end of April." In August, Quick Tent received an "open" Letter of Credit from Credit Capital Consultants. Under the terms of the agreement, Credit Capital Consultants, based in Millbrae, Calif., will provide immediate financing to Quick Tent for the purpose of fulfilling incoming purchase orders in a timely fashion. "Our goals are quite simple," explained Taylor. "We want to sell 50,000 tents nationwide in 1999. From that point, we hope to expand our worldwide market share to four percent within the next four years, ultimately capturing at least 10 percent of the market, or 1.5 million tents worldwide per year. We also want to set new standards in the tent industry by producing tents that will be rated the best in durability, reliability, convenience, ease-of-use, and marketability. Our long-term plan is to be the leading tent manufacturer in the world. With the completion of our molds, we are well on our way." MAK