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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: David in Ontario who wrote (819)	3/12/1999 6:14:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 974

You being sarcastic? ;) You call that strong? Not with a 66%+ volatility, that's 5 minutes of end of day book bid removal, day trader jumping, and you'll cycle downtrend. I'd wager a 10,000 market sell order could blow that to $1.10 or less in 10 seconds. The day traders brokers will toss their trades, and wait. Strong would be building bids at decreasing levels, until a 100,000+ share bid at $.99+ This stock scares me... the rep of ASE is on the line{again}. The company says:"The company has terminated the proposed private placement arrangements through a New York based partnership." yet that PP has decreased in value from the start. Their business model is no better then 1 month ago. "The company has arranged short term, debt based, working capital financing and will pursue obtaining long term financing to accelerate growth." which will either means a further PP attempt, or a lame convertiable debenture. Either way, both will most likely cause further selling in the short term. Yes, it's off it's most recent lows, but the stock is only having a 'short' rally. The fundamentals of this stock are; well, nearly none existence. Lawsuits are looking like the normal course of the day. And unless they find an angel {and CMGI Inc Nasdaq:CMGI is busy} then lower it will drift.