To: Anthony@Pacific who wrote (1518 ) 12/25/1998 1:11:00 AM From: HiSpeed Read Replies (1) | Respond to of 122087
From Briefing.com -- sounds like a good short if it can pop again (float approx 3 million): CVF TECHNOLOGIES CORP. (CNV) 7 1/4 +3 1/16.Shares of developer and manager of emerging companies with proprietary or patented technologies are moving higher this morning after the company announced that its Elements subsidiary would launch an e-commerce Web site. These days, just about any company can announce (not necessarily produce anything) that they are seeking space on the Internet and have their stock price triple or more. Accordingly, the stock has opened up 67% from yesterday's close, almost equaling the high of $7 1/16 reached earlier this Spring. In fact, the stock is now trading at a new high on the view that its subsidiary of nutritional and herbal supplements will be a big hit with consumers. Their twist will be to not only sell products but to also educate the public through product efficacy. However, according to the company, its Web site is currently in a test phase and will not be fully operational until March of 1999. Expect another press release at this time as well. It appears that this latter issues do not matter to investors (speculators) as they are again jumping on any company that has any tangent relationship with the Internet. We at Briefing.com hate to sound like a broken record, but here is another example of investors going bonkers over a stock that has an unproven track record. While revenues for the past nine months have risen from $796,000 to $4 million, there are better capitalized nutritional and herbal supplements companies that can do the same. We guess this is not the point. The real point is that anything Internet related is good and its stock is bound to at least double, regardless of the details.