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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (10372)	2/10/1999 3:03:00 PM
From: Jay Fisk	Read Replies (1) \| Respond to of 122087

What's a "99" indicate on the bid/ask ? Reallly big number ?

To: xcr600 who wrote (10372)	2/10/1999 3:28:00 PM
From: Doorman	Respond to of 122087

14:25 reprint of post from Briefing.com: (DAYTRADER): Blow up in tech sector yesterday has sent daytraders scurrying into the micro-caps. Shares of Dallas, Texas-based Rushmore Financial Group (RFGI 11 3/8 +9 1/8) is one of the stocks benefitting from migration of trading capital out of the larger-cap Internet names. The shares were launched by press release announcing RFGI's plans to open an online trading division. The stock is currently trading 408% above yesterday's close. Briefing.com has learned over the years that daytraders usually do not bother with fundamentals. Their primary concerns are intraday technicals, the number of shares in the stock's float, the market-maker spread and the dollar price of the shares (traders prefer stocks priced under $10). The company's fundamentals usually do not come into play until late into the first day of the move, as traders decide whether to dump the issue or carry the position overnight. When trading a company with weak fundamentals, the chances are much greater that the stock will be sideswiped by a negative newspaper or television report, which could send the shares spiraling 25% or more in the first minutes of trading. So, for those traders who are mulling over the decision to sell or hold, Briefing.com takes a closer look at Rushmore Financial Group.... First, the insurance and financial services company has failed to master the concept of turning a profit. The company has reported a profit from operations only once over the past six years. In its brief history as a publicly traded company, RFGI has announced the restatement of financial results and has seen its shares halted by the Nasdaq. The company attributed the restatements to an overstatement of revenues due to the failure to book adequate policy reserves for insurance policies co-insured by the company's life insurance subsidiary. One of the more interesting tidbits we found about Rushmore Financial Group is that it was an underwriter of its own IPO. The company came public in April, in an IPO priced at $5.50 a share. First Southwest Company (which we have never heard of) served as lead-underwriter, while the company's Rushmore Securities unit served as co-manager of the offering. For doing the deal, RFGI awarded First Southwest warrants to purchase 50,000 shares of common stock.