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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?


To: Bear Down who wrote (2037)3/9/1999 4:35:00 PM
From: FREAKAZOID  Read Replies (1) | Respond to of 8858
 
Bear Down--> I do not own SNMM any longer but in my opinion you are making a huge mistake by shorting this stock. This stock is not (IMO) a hyped up stock like GGNC. They are the real deal my friend. How long do you have to cover your short position if you are really shorting SNMM.

freak!!



To: Bear Down who wrote (2037)3/9/1999 4:52:00 PM
From: BobInBush  Read Replies (1) | Respond to of 8858
 
Bearly; You should be cautious about shorting this so soon.
There are a lot of other internet plays with less of a income
model than this that have rocketed. After all, all of those search
engine co's don't sell anything, just a little advertising.

For now I am along for the ride. YEEEHAAA!



To: Bear Down who wrote (2037)3/9/1999 4:54:00 PM
From: DablocTrader  Read Replies (2) | Respond to of 8858
 
I feel badly for you BearDown; Sounds like you're really praying on this one. Praying that you can bash enough to recover your almost immediate loss shorting SNMM today!

How stupid - >>"How long till they find out they can't get paid from the rest of the world"<< They get paid IMMEDIATELY from their on-line Credit Card, Debit Card and now on-line Check pmts, which work just like a debit card.

And this, >>" This company can't even take wagers from within North America"<< BUT THEY CAN TAKE THEM FROM ALL OVER THE REST OF THE WORLD!!!!! And no on-line gambling site can as of yet legally take bets over the internet from the USA... although I'm sure some of them do anyway.

Bad Move Bear, and you're not going to hurt this thread. So cover and move on.

dbl



To: Bear Down who wrote (2037)3/9/1999 5:12:00 PM
From: Mr. Rhino  Respond to of 8858
 
Very interesting insight on that. In their New Year's issue, they had touted about ten different stocks that just so happened to go through the roof in the following days. Now we must take all this with a grain of salt as they say, and I agree with a lot you have to say.

They pump some stocks, and some respond, some don't. I was just saying hat is where I first read about SNMM. I am watching it very closely, considering it's rise over the past few days.
As with any internet publication, we should undertand that while an internetstocknews may be a touter, you can derive some good inoframtion from it, and you don't have to bet the house either.

Thanks for the insight.

Mr. Rhino



To: Bear Down who wrote (2037)3/9/1999 6:17:00 PM
From: THOMAS GOODRICH  Read Replies (1) | Respond to of 8858
 
Bear Down,

Welcome to the Starnet thread! While it's always refreshing to hear dissenting opinion, no one quite honestly can predict with absolute certainty where SNMM will go. As you say internetstocknews is compensated along with virtually all of the other newsletter writers. However, there is nothing unethical or illegal about this practice so long as this information is disclosed and it is disclosed. The compensation these firms may have received in equity or cash is negligible and I would seriously doubt many investors are buying the stock on the basis of a tout letter. Many uncompensated analysts and firms as well are recommending SNMM to clients as a STRONG BUY. At least 2 well circulated letters that I am aware of are tracking Starnet and Internet gambling and are planning on BUY recommendations to their clients.

Perusing your messages, it appears as though you may not fully understand the Internet business model applicable to online gaming. I wish you well in your endeavor shorting or whatever, (if this stock can be shorted at all) but the fact is Starnet is barely beginning its growth curve and worldwide demand for the services the company offers is unprecedented. While it isn't likely SNMM will go straight to $15 or $20, there's fairly solid evidence SNMM can eclipse those levels within the year should 'Internet mania' catch on with SNMM and the stock performs similarly to other Internet related companies.

Gaming in North America is not as yet illegal via the Internet and this Canada-based company is operating lawfully as well as its licensees. Credit cards are giving way to e-cash products and are not as easily charged off with cash advances. A woman in Marin County CA is testing the waters by defaulting, however, the loss will likely become that of the banks and passed on to customers via higher costs and fees. This sort of thing occurs in all businesses everywhere and has not been a problem overall with casinos. In New Mexico last year a couple of men attempted a charge off of gambling losses at an Indian casino citing the casino was a sleazy operation wherein assertions were made NM State law prohibiting gambling had overriding jurisdiction. The judge ultimately didn't buy it.

In summary, I believe Starnet Corporation is acting very professionally and appropriately and it is just now that this company and the potential for Internet Gaming is being discovered. Perhaps you would want to do some due diligence on your own before shooting from the hip?

TG