To: roulette who wrote (1764 ) 4/30/1999 7:38:00 AM From: CIMA Read Replies (2) | Respond to of 2038
MBHC featured here, at least 300%: The Internet & Casino Stock Report April 30, 1999 Market Overview: Economic data suggests inflation is in check, however, traders seem to be in disagreement as they continue to run up the price of basic commodities. Funds continue to pour money into the cyclical-laden Dow Jones Industrials. The DJIA gained 32 points on Thursday while the Nasdaq gave back nearly 22. Large tech stocks were hit hard for the third day running, influenced largely by Amazon (AMZN) which fell 13% to 168 1/4. Strong buying returned to the technology issues during the final minutes of trading, suggesting a possible rebound on Friday. Realnetworks (RNWK) performed well closing up 17% to $215. The company is scheduled to make a major announcement on Monday morning. Perhaps a broadband deal with America Online (AOL), Microsoft (MSFT), Comcast (CMCSK), Mediaone (UMG)???? Stocks to Watch: Platinum Entertainment (PTET): The Musicmaker.com (HITS) IPO was delayed this afternoon. The company stated that it is considering a deal with a major record label. Our thought is that HITS delayed the offering due to the less than hospitable IPO climate. We exited one-half our position in PTET at break even. Mortgage Bankers Holding Corp (MBHC) powered to new highs to close at 0.50 (+27%). Volume continues to increase and for the first time in months the stock was spotted on the OTC:BB most active list. MBHC is now up 170% from Tuesday's lows. A pullback to 0.38 would offer a potential buying opportunity. Our upside objective remains $1.50 (3-4 weeks). New Sky Communications (NSKY): Another penny stock with a big story. This Rochester New York based entertainment company owns a movie related website (www.movieplace.com). The site features interviews with celebrities and a link to local showtimes. The site's Star Wars movie content should draw further attention. The stock ran away from us today closing up 55% to 0.07 after running as high as 0.09 The online banking software group remains strong. Ashton Technology Group (ASTN) rose 26% today to 9 15/16 on double normal volume. The company also owns Gomez Advisors (www.gomez.com), a popular website destination which rates online brokers. To sign up for this free report please visit our website at www.walzco.com/trdrjohn To be removed from our mailing list respond to this email with "remove." 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.