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Non-Tech : RIHI - Merger with Internet Gambling Co, - Worldnet Gaming -- Ignore unavailable to you. Want to Upgrade?


To: Joe Griffin who wrote (52)2/21/1999 6:34:00 PM
From: Kimberly Lee  Read Replies (1) | Respond to of 363
 
yep, WR's momentum thread covers RIHI. On Jan 29, 1999, I initiated coverage of RIHI with the equivalent of a "speculative buy" rating. The inside market was 1 x 1 1/8 at the time.
exchange2000.com
lance reinforced that rating the same day:
exchange2000.com

Later on that day, I raised the rating to a "strong buy" as I added to my position at 1 5/8, seeing increasing buying pressure and sensing the serious nature of WorldNet Gaming's commitment to the reverse merger.
exchange2000.com

As I recall, I took some profit at 2 3/8, but still maintained a decent size position. However, as of today, upon reviewing the technicals and the price advancement, I am reducing the rating of RIHI to "outperform", primarily on the basis of valuation and the markedly increased hyping on internet stock message boards.

Disclaimers: the terms "rating" used throughout my message here are intended strictly for the purpose of parody, and they must not be construed as any investment advice.