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To: Huckster who wrote (2769)2/3/1999 1:41:00 AM
From: DARPA  Read Replies (1) | Respond to of 4650
 
Another group supporting the run up ...

I received this e-mail tonight (ie. Feb 2nd) at 11:58 pm. Look for the bolded items below...

Subject: Internet & Casino Stock Report- 2/3/99

The Internet & Casino Stock Report
After the close- 2/2/99

Today's Report

In the News:

The Internet sector is looking a bit tired these days. From a technical
standpoint the charts are inauspicious to say the least. Yahoo (YHOO) was down
12 5/8 today to close at 322 15/16. Amazon was down 5 5/8 to 110 ¼. Certain
charts closely resemble "double tops." This consolidation pattern may prove to
be a buying opportunity but for now the trend for many Internet issues appears
to be sideways rather than up (and that's on a good day).

Casino Issues:

Total Entertainment (TTLN) was up nearly 39% today as the company's press
release carefully mentioned the word "Amazon.com". This has become every PR
guy's method of choice when it comes to resurrecting an otherwise listless
stock. Our position in TTLN was sold out today with a 12% profit. Apparently
we had a good until canceled (GTC) limit order reigning in our account. With
our heads buried in March cotton options this afternoon we just didn't have
the chance to view the midday news release on TTLN. Still, I'm not sure there
was much if anything we could have done to improve our execution. Taking
profits and freeing up capital should never be viewed as a "bad thing."

GIC Entertainment (GGNC), Winners Internet (WINR), Starnet Communications
(SNMM), and Global Games (GLOW) were relatively quiet today trading on average
volume. We still have our eye on these stocks and we have witnessed good
buying support at the following levels.

GGNC- 2 ½
SNMM- 3 ½
WINR- 2 ¼
GLOW- 0.32 I like this one

Let's remain cautiously optimistic here€.

Stock Watch:

We have taken a few positions worth mentioning. On Monday we were able to
purchase shares of Spyglass (SPYG) at 11 5/16. The low for the day was 10.
Today the stock closed at 13 1/8. We had a limit sell placed at 14 ½ this
afternoon, however, it remains unfilled. Our objective is to take a 22% profit
at 14 ½, We are not looking for this stock to return to its 52-week high of
31. It just doesn't look that convincing. The stock remains in a downtrend but
the chart was just so compellingly ugly on Monday that I was forced to revert
to contrarian thought and just go ahead and buy the darn thing.

On the daytrading side we have taken positions in Medinah Energy (MDIN) and
Advanced Optic Electronics (ADOT).
A trade in American Diversified Group
(AGDI) went awry on us this afternoon and we exited the stock with a 26% loss.
Folks, warning here- these stocks can be dangerous. The unusual thing about
ADGI was that a press release was issued at noon today mentioning the
company's recent investment in GTCC Internet Telephony. Does anybody read the
press releases anymore? I thought new trading software was equipped with built
in search engines designed to scan business articles with the default setting
"Internet." If this report resurfaces tomorrow and pushes this stock higher we
will be a day late and a whole lot of dollars short€.




To: Huckster who wrote (2769)2/3/1999 3:41:00 AM
From: Elio Madama  Read Replies (1) | Respond to of 4650
 
To: Mick Orgas (1014 )
From: RBaron Monday, Jun 8 1998 7:11PM ET
Reply # of 2771

An exciting day, but anyone who's been following this thread shouldn't have been too surprised. Thanks to everyone here who's provided so much good information. Despite my experience last month, I've addded a few times and am very happy today. Thanks Les.

Richard

(Hey -- Where's Big Fred? He should be here for this!)