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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Nelson Chang who wrote (35873)5/12/1999 9:56:00 PM
From: Anthony@Pacific  Read Replies (2) | Respond to of 122087
 
I like this one..keep me informed if it goes higher or slows down..please

THNX
A@P



To: Nelson Chang who wrote (35873)5/12/1999 10:11:00 PM
From: rogermci®  Respond to of 122087
 
CUST is a David Cook special....He founded Blockbuster. A lot of people hoping he can work the same magic twice. I have no position in the stock.

roger



To: Nelson Chang who wrote (35873)5/12/1999 10:14:00 PM
From: Nelson Chang  Read Replies (2) | Respond to of 122087
 
>>>CUST is the fishiest fish I've smelled in a long time. Just came out w/ earnings and it was spectacular.<<<

In case no ones cares to research or spots my sarcasm, earnings were a fluke. Lost $2.4 million, or 16 cents. There is NO revenues for this company. Yep, zilch. All is R&D for this new Digital Signature technology - the "most exciting development on the internet since the browser."

Hmmm...ok. They have a market cap of $580 million. Makes sense. The market is of course discounting the success of their new "technology." Pretty high expectations I'd say. I've yet to see a news release of any alliances or agreements w/ established companies. Like I said, smelly...

>>>I like this one..keep me informed if it goes higher or slows down..please

THNX
A@P<<<

Will do. BTW, what hand gun is that in your picture?



To: Nelson Chang who wrote (35873)5/12/1999 11:24:00 PM
From: AD  Respond to of 122087
 
Bingo Nelson quote.yahoo.com

These charts are nearly identical, CUST and PAMC.

CUST got it's revenues NOT from sales of goods or services, but from sale of businesses they had. Check this out from the May 12, 10Q:

<<<<The Company is developing an Internet transaction payment system and a digital signature system, and is exploring other Internet-related businesses.<<<< makes a nice press release. I'll bet a cottage industry popped up just teaching public companies how to put out the fluffies press releases. A little bit of imagination, a dash of 'internet' and voila!

Someone looking at the data would think CUST is a healthy, normal company with a decent P/E ...actual profits! In the words of a trader I know:

"what the f--- is this stock market coming to?"

more from the 10Q:
<<<<The Company's new business initiative to create Internet related businesses is expected to require significant investment. The Company currently expects to invest $20,000,000 to $30,000,000 during 1999 on its Internet transaction payment system for software development, marketing, expanded lease facilities,communications, computers and related equipment to establish a computing center and related personnel and start-up operating costs.<<<<