To: GR who wrote (1036 ) 4/29/1999 1:33:00 AM From: CIMA Respond to of 1241
Could be this mention: The Internet & Casino Stock Report April 29,1999 [Unable to display image] Market Overview: Tough day for the Nasdaq as the market closed down for the second consecutive day. Sector rotation continues as money moves from techs to cyclicals. In overnight futures markets the S&P was down 2 points, the Nasdaq down 11 points at 11PM Central. In after-hours trading Amazon (AMZN) was down 8 points to 185 after the company beat earnings estimates but raised concerns about continuing losses. Casino Issues: The majority of online casinos were down today. Starnet Communications (SNMM) 10 5/8, GIC Global (GGNC) 2 1/32, Total Entertainment (TTLN) 0.99. The Kyl Bill continues to weigh on these stocks. A couple of smaller casino stocks are making news and should be brought to readers' attention. Winchester Mining Corp (WNCR): Closing at 0.205 (+35%) on volume of 4.2 million shares after the company officially launched their online casino www.hollywood-casino.net This company is worth watching. The market would certainly reward WNCR should they decide to change their name to better reflect their current business environment. Cosmoz.com (CMOZ): Back in play. The stock closed up 45% today to 1 1/2. A favorite of the pump and dump crowd, we urge readers to use caution. Cosmoz now runs two casinos at www.dragoncasino.com and www.realbet.com Stocks to Watch: One of our top picks into the E-Loan IPO, Mortgage Bankers Holding Corp (MBHC), ran up 46% today to close at 0.395 after being as low as 0.18 yesterday. The 52 week high is 80 cents. Today's volume was an impressive 1.6 million shares. This stock is now heavily in play. Will it become another E Digital (EDIG) for our readers? It's still too soon to tell. The strength at which this stock shook out the weak hands yesterday and vaulted higher suggests heavy buying in the coming days. A book value of $1.43 bodes well for a move to $1.50 as the online mortgage group heats up. Visit the company's website at www.mbhc.com IDT Corp (IDTC): Looks like the market is expecting the Net2Phone spin-off announcement very soon. The stock closed up 2 1/8 to 30 3/8 Musicmaker.com (HITS): The IPO is tomorrow. Any strength should be short lived in minority stake owner Platinum Entertainment (PTET). Any run-up in PTET should be seen as a selling opportunity. Daytraders may or may not move PTET tomorrow. The general market tone and the debut of Launch.com (LAUN) last week suggests the market is rather ambivalent with regard to recent IPO's, even steaming audio plays such as HITS. To be removed from our mailing list please respond to this email with "remove." Also, please visit our website at www.walzco.com/trdrjohn The information provided above is believed to be accurate. Earnings and revenues may be estimated for the purposes of evaluation and comparison. This letter is a general circulation publication. We do not give investment advice, nor do we at any time manage or direct the funds of any person or company other than our own. Positions contained in this report are the publisher's personal trades, and are not intended as trading advice for readers. This report is issued solely for informational purposes and content is not to be construed as being an offer to sell or a solicitation to buy any security. We do strongly recommend that readers contact their personal investment advisor or broker for advice pertaining to any investment questions they might have. The publisher is not a registered investment advisor, but rather a news editor and a stock trader for his own account.