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Microcap & Penny Stocks : TMMI - Total Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: Dennis P who wrote (14080)	5/7/1999 10:41:00 AM
From: Johnny Stone	Read Replies (4) \| Respond to of 19109

From RB: By: dthogertyiii Reply To: None Friday, 7 May 1999 at 10:30 AM EDT Post # of 1070 The Internet & Casino Stock Report May 7, 1999 Market Overview: Stocks pulled a head fake this afternoon. The Nasdaq continued its retreat closing down 62 points, Internets are now off 26% from their recent highs. Bonds continued to fall pushing rates to 11 month highs while Mr. Greenspan once again hinted of an overheated economy and suggested that the next move might be a tightening. Tomorrow's jobs data will certainly add volatility to the market. Our view is that the large payroll numbers are probably already priced into the market. Anything less than super-hyper employment growth could actually spark a rally, both in stocks and bonds. Casino Issues: The Canadian police were called to confiscate the computer terminals of Total Entertainment (TTLN), found at . Interactive Gaming and Communications (SBET) argues that Total Entertainment illegally copied source code from SBET's casino software and then advertised this software as their own. An unusual story to say the least. Stocks to Watch: Gold stocks were up again. The gold index surged 7% this afternoon. We expect this trend to continue. Please see last night's report for information on specific gold stocks. Affinity Technology Group (AFFI): In a press release this afternoon the company released 1st quarter earnings. There were few surprises. Affinity has spent a great deal of money developing and patenting their online transaction software. The company has cut payroll and reduced costs. On a positive note the company is working with Citibank in providing real-time auto loan verification. Big things are ahead. Granted, the stock has been under pressure recently by insider selling. Actually its one of the board members and he's being forced to sell his shares because he is on his way out. We can only hope all of the bad news is now behind us. Technically the chart looks promising as we continue to make higher highs and lower lows on the daily chart. A close above $2.25 is needed to resume the upward bias. Penny pick: The next E Digital (EDIG)? Perhaps so, the company Total Multimedia (TMMI) surged 350% in less than 2 hours into the close on Thursday. Last trade was 4.5 cents. Here's the skinny on the company- "TMM, Inc. develops powerful multimedia technologies and tools. The Company currently holds the exclusive worldwide license for fractal video compression and decompression for CD-ROM optical media from Iterated System, Inc. of Atlanta, Georgia and manufactures high end notebook computers through Altura Computer Systems." Undoubtedly a stock to watch. Now you can visit our updated website at the following location: walzco.com Disclaimer: 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.