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To: jimmy who wrote (1759)5/3/1999 9:51:00 AM
From: Jeffrey L. Henken  Respond to of 2662
 
I try to do a little technical analysis and determine if we are catching a stock at a buy point where we might be safe to add it to the InvestRight Index. If a stock is close to 52 week lows but we have evidence that a turn around is coming then it is a no brainer to add it to the Index.

If a stock is already hot but overextended then I will watch for pullback before adding it. Timing is everything since I do not like to delete stocks off the InvestRight Index because they are unable to maintain their momentum.

SETO and USAB are good values relative to the majority of the stocks on the InvestRight Index. I will check out FLNK soon.

Thanks, Jeff



To: jimmy who wrote (1759)5/3/1999 11:54:00 AM
From: Jeffrey L. Henken  Respond to of 2662
 
On FLNK, Futurelink Distribution Corp (OTC BB:FLNK):

The 144 concern me:

biz.yahoo.com

Some of the shares appear to have already been sold. The chart looks fine but the stock may be overextended. The latest news was very good for FLNK shareholders as the terms of a convertible debenture were changed to benefit current shareholders. Still it looks like lots of shares in the float. Nice day going for FLNK though so maybe it will continue?

Thanks, Jeff



To: jimmy who wrote (1759)5/4/1999 3:49:00 PM
From: Jeffrey L. Henken  Respond to of 2662
 
First Certificate of Deposit Sold On-line at 'CDenergy' Auction Site

USABanc.com to add nationwide on-line auction of conforming residential mortgages

PHILADELPHIA--(BUSINESS WIRE)--May 4, 1999-- USABanc.com announced that it has successfully completed what it believes to be the first ever online auction of an FDIC insured certificate of deposit at ''CDenergy'' (www.CDenergy.com).

The twelve month CD was sold at a final APY of 5.724% after a twenty four hour auction which began at a 10.000% APY. CDenergy received more than 2,500 visits to the site; new auctions will continue to run 24 hours a day, seven days a week.

''We're pleased with the results . . . and I think that our CD auction will continue to gain added popularity as we begin to advertise the site across the nation,'' stated Kenneth L. Tepper, President and CEO of USABancShares. CD's sold at www.CDenergy.com and www.USABanc.com are issued through USABancShares' wholly owned FDIC insured banking
subsidiary.

''We're going to continue to add functionality to CDenergy in the days ahead to make sure that the bidding process remains both efficient and exciting,'' added Daniel Taylor, Director of the company's Electric Banking Division.

USABanc.com also announced that it will soon add nationwide online auctions of conforming residential mortgage loans which will allow customers to compete for attractive rates online.

''I think consumers enjoy the ability to set their own price, and that origination of online residential loans can become an important part of our business as we continue to refocus our company toward an internet-only platform,'' Tepper concluded.

USABancShares is a bank holding company regulated by the Federal Reserve Board; Its FDIC insured banking subsidiary,
BankPhiladelphia, is a Pennsylvania State Chartered Savings bank engaged in both originating and acquiring commercial, consumer and residential loans. Its wholly owned brokerage firm, USACapital, is engaged in the sale of securities and related financial advisory services.

Its Electric Banking Division is responsible for the ongoing development and implementation of the USABanc.com financial services platform.

Forward Looking Statements:

Some of the statements contained in this press release discuss future expectations, contain preliminary unaudited results of operations and financial condition and state other ''forward looking'' information. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements.

The forward-looking information is based on various factors and was derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, for example: general economic conditions, including their impact on capital expenditures; business conditions in the financial services industry; the regulatory environment; rapidly changing technology and evolving banking industry standards; competitive factors, including increased competition with community, regional and national financial institutions; new services and products offered by competitors; and price pressures.

Contact:

USABancShares
Kenneth L. Tepper, President & CEO
Daniel Taylor, Director, Electric Banking Division
215/569-4200
usabanc.com

biz.yahoo.com