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Gold/Mining/Energy : Research In Motion - RIM.T -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (624)	2/26/1999 9:41:00 PM
From: arisetech	Read Replies (1) \| Respond to of 848

Home BullBoards News Releases Newsletters The Markets Member Services Newsletters & Publications SUBSCRIBE to The Insider Report Input your e-mail below, then press "Enter" Daily Bulletin - Tech Tremors, IWM, ARP, MMTI February 26, 1999 The Market Unfortunately for equity investors, an end to the recent weakness in bonds was not reflected in stocks today. Instead, markets were sideswiped by a number of respected analysts coming out almost in unison with warnings of general technology-sector weakness and downgrades on specific bell-weather technology issues. Strong U.S. economic data also rattled interest-rate-sensitive investors. The resulting sell off dragged down major U.S. indices. The tech-laden Nasdaq Composite index led the drop, falling 38.79 points to 2,288.03, but the Dow Jones industrial average also shrank 59.76 points to 9,306.58, and the S&P 500 index shed 6.69 points to 1,238.33, Canadian indices, on the other hand, managed to end the day with small gains in what is likely a reflection of the fact that they failed to rally as strongly as their U.S. counterparts on the last few months. If a correction occurs, it is reasonable to expect the heaviest losses would occur where we have seen the biggest gains. The TSE 300 Composite index gained 5.99 points to 6312.69, and the VSE Composite extended its modest win streak to three days, gaining 0.74 points to 411.21. Infowave Software [IWM:VSE] -- Top Analyst's Comments Start a Wave An interview with top wireless expert Andrew Seybold available at StockHouse.com appears to have lit a fire under IWM today. In the interview, which looked at future growth in the wireless communications market, Seybold included IWM together with Research In Motion [RIM:TSE] (closed today at $13.40/sh) as examples of Canadian companies pioneering "smart Internet connectivity" which he believes will be "the next big thing". Seybold made several very positive statements about IWM and its Office Enabler(TM), but we bet that what really caught investors attention today was his observation that smaller companies like Infowave are "probably going to be acquired by somebody" in the long run. Nothing like a little takeover talk to perk investor interest! Because the interview was been picked up by various websites (see techmall.com and media outlets, there is an excellent chance today's excitement could carry over into next week, and with all those news eyes on IWM, a significant news release or two could spark quite the rally. Although IWM closed up only 5 cents at $1.36 owing to what looked like a large forced sale in the closing minutes, it traded around $1.45 for most of the day, an especially impressive display given the weakness in the wider technology sector today. The Insider Group is looking forward to a very exciting month of March for IWM shareholders. Argentina Gold [ARP:VSE] -- Advances on New Assays ARP gained $0.26 to close at $4.36 today following the release of the latest drill results from the company's Veladero project in Argentina. There were some more encouraging reverse-circulation-drill results from the Filo Frederico target which continued to expand its size and show mineable grades, but the second diamond-drill hole from the Amable target was probably the real market mover. Because the Veladero deposit contains a substantial component of coarse gold, reverse-circulation (RC) drilling can underestimate grades and solid drill cores are needed to give a truer picture of what lies below. Like the first diamond drill hole, the partial results from the second hole again suggest that the RC results have substantially underestimated the gold resource Veladero. Barrick [ABX:TSE,NYSE] obviously knew what they were doing when they tried an early takeover attempt. Luckily for shareholders, the bid failed. MicroMem Technologies [MMTI:OTC-BB] -- Update on Coverage A reader of the Daily Bulletin has expressed some concern over the disappearance of MicroMem from the Insider's Quote Screen. The truth is that the company's symbol change caused a glitch with the Quote Screen software, and then when we noticed it, the Insider Group decided to reevaluate our regular coverage of the company. MMTI owns a technology with undeniably massive potential. Their memory chips could one day be the standard for cell phone and other small portable electronics. This is why we first mentioned MMTI, and it is why we STILL think it will be a big success for shareholders down the road. Indeed, the share price already spiked to more than 200% above its price when we first mentioned it. Ultimately, however, our decision to suspend regular coverage of the MMTI was based on the fact that the Insider Group does not have unlimited resources, and because our source on MMTI was erratic at best, we just decided to focus on other more "forthcoming" companies and sources. Remember, the Quote Screen should never be interpreted as a list of "recommended" companies, rather it is almost literally a duplicate of the quote screens the Insider Group monitors on a daily basis. The Insider Group frequently reviews options that will help us increase our research capacity, but for now we think we do pretty well. Insider's Quote Screen Insider's Choice Name Symbol First Mentioned Today's Close Comment Argentina Gold Corp. V.ARP 10/15/98 $4.360 (+0.260) Barrick takeover target Microforum Inc. T.MCF 11/25/98 $1.280 (-0.020) E-commerce software and marketing Infowave Software, Inc. V.IWM 12/24/98 $1.360 (+0.050) Successful printer technology Closely Monitored Name Symbol First Mentioned Today's Close Comment Lions Gate Entertainment Corp. T.LGF 12/14/98 $4.650 (-0.050) Entertainment production and distribution Erin Ventures Inc. C.EV 7/28/97 $0.650 (+0.030) Developing huge boron property Lasermedia Communications Corp. O.LMCD 11/12/98 $0.150 (+0.020) Virtual Health Club Soloman Alliance Group Inc. SAGE 12/31/98 $2.625 (+0.125) Wireless data systems Envoy Communications Group Inc. T.ECG 1/27/99 $3.950 (EVEN) Integrated marketing and communications company San Telmo Resources Ltd. V.STA 2/10/99 $0.460 (EVEN) Emerging Argentina area player Not To Be Forgotten Name Symbol First Mentioned Today's Close Comment Cantex Mine Development Corp. C.CD 12/8/97 $0.150 (EVEN) Gold, base-metal and diamond explorer Dynamic Ventures Ltd. C.DVL 5/13/98 $0.100 (EVEN) Exploring and developing Mexican properties Global Media Corp. GLMC 11/18/98 $4.218 (+0.093) E-commerce distributor Net Nanny Software International Inc. V.NNS 6/1/97 $0.920 (-0.080) Internet filtering and security software Pallaum Minerals Ltd. C.PLM 8/6/97 $0.110 (-0.010) Nevada and SVB explorer Tiger International Resources Inc. V.TGR 2/16/98 $0.850 (+0.050) Australian diamond explorer Mighty Beaut Minerals Inc. V.NI 10/22/98 $0.320 (EVEN) Developing Philippine nickel resource Anvil Resources Ltd. C.ANV 4/7/98 $0.380 (+0.030) Texas gas producer and explorer Insider Report By The Insider Group insider@stockhouse.com ©1999 Insider Report. ALL RIGHTS RESERVED. • Disclaimer The information presented in the Insider Report & E-mail Bulletins is not an offer to buy or sell securities referred to herein. The Insider Group is an indefinable group which distributes opinions to those who wish to read them. The Insider Group are not registered financial advisors. Because a stock is being featured in the Insider Report does not mean that members of the Insider Group are buying or selling the stock as well. Members, associates and friends of the Insider Report are free to act as they wish and may actually be buying or selling stock which is mentioned in the report. Since the Insider Group consists of thousands of contributors world-wide, the Insider Report cannot verify or guarantee that any or some of the contributors are not receiving compensation in any form for their contribution. This is a daily financial gossip column, strictly for information purposes. In no way does the Insider Report purport to make recommendations on any stock and do not pretend to be registered financial analysts and in no way is the information contained herein to be considered factual or complete. Investors are urged to obtain complete financial and other information directly from the company as the Insider Report is not liable for any investment decision made. All companies mentioned in these documents are to be considered extremely speculative and risky investments. © Copyright StockHouse Online Journal \| Disclaimer