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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (1571)	5/6/1999 8:29:00 PM
From: StockDung	Read Replies (1) \| Respond to of 10354

I spoke to a friend today who thinks they are just putting off the financials so they can get enough money out before they flea town. There was some news today on a company which opened up in china. He thinks they are behind that one also. If you do a news search on AOL on ZSUN the article will show up. Here are a few parts of the article. South China Brokerage to Go Online, Shares Soar Hong Kong, May 6 (Bloomberg) -- When South China Brokerage Co. starts offering online trading services to retail investors in two months, the first stock many of them buy may be its own. Shares in the small brokerage almost doubled in the past week as it became the latest stock to be swept up in a fever for Internet stocks, dubbed 'HK.Com' stocks. The company will offer online trading at its retail locations as a cheaper way to route orders to traders and to introduce its customers to online trading. Now the company is warning the rally may be overdone as it's too early to provide estimates about how Internet trading will affect profits. ''Internet trading will allow people to place their orders a lot faster, which will increase our volumes and our market share,'' said Douglas Hansen-Luke, head of sales at South China. ''The opportunities for retail brokerage is great but it's not going to happen instantly, and I think people should be cautioned about that.'' The company's shares rose 13.5 percent today to 10.9 Hong Kong cents per share today, up 81.7 percent since last Thursday and up 303.7 percent from its 52-week low of 2.7 Hong Kong cents per share August 28. Two other Hong Kong-based companies also offer stock trading via the Internet. Closely held Boom Securities (H.K.) Ltd. allows trading of Hong Kong and U.S. stocks. Swiftrade, a unit of U.S.- based Ziasun Technologies, Inc., allows trading of U.S. stocks and plans to launch trade in Hong Kong and London stocks.