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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC) -- Ignore unavailable to you. Want to Upgrade?


To: sheetmillgalvanize who wrote (1057)5/20/1999 7:55:00 AM
From: CIMA  Respond to of 1241
 
The Internet & Casino Stock Report
May 19, 1999

Market Overview:

Traders still adjusting to recent tightening bias decision. Tech stocks
should recover from here but ever so slowly. We are now approaching what is
seasonally a very benign timeframe. The summer months are often rather
uneventful.

Mortgage Bankers Holding (MBHC): The recent retreat in stock price may be
attributed to the following: 1) a parting of ways with their CEO, as this
man's views were apparently inconsistent with MBHC's aggressive growth
strategy and 2) the removal of their online mortgage webpage. The site was
taken down for the purposes of renovation. The company has assured investors
that two PR's are forthcoming (most likely before the E-Loan IPO, now
expected the week of May 31st). One to announce a new CEO and one to trumpet
the new and improved webpage <www.mbhc.com>. We believe the current price of
0.29 offers a tremendous buying opportunity.



To: sheetmillgalvanize who wrote (1057)5/24/1999 9:28:00 AM
From: CIMA  Respond to of 1241
 
The Internet & Casino Stock Report
May 24, 1999

Market Overview:

Stocks were up modestly in Sunday evening trading. For Monday we look for
rather uneventful trade. Clearly there is a lack of news this week. First
quarter earnings reports are basically done with, and this weeks' economic
data; jobless claims, consumer confidence, home sales, durable goods orders,
etc., probably will not have much impact on the market. A couple of IPO's to
watch this week are DLJ Direct (DIR), Barnes and Noble.com (BNBN), Juno
Online (JWEB), and Edgar Online (EDGR). Other than that, this is probably a
good time to start think ahead to Memorial Day weekend.

Stocks to Watch:

Affinity Technology Group (AFFI): This stock traded at a low of 1 5/8 for six
consecutive sessions, unable to break this support the stock moved higher to
close at 2 1/8 on Friday. Volume increased to 513,000 shares. Affinity could
run higher this week along with other online mortgage stocks as we await the
E-Loan IPO. One note: E-Loan (EELN) is tentatively scheduled for the week of
May 31st, or the week of June 7th, depending on your source. Again, as with
the eToys (ETYS) debut we are dealing with lead underwriter Goldman Sachs
(GS) whom is notorious for bouncing IPO dates around depending on prevailing
market conditions. We will keep you posted.

Leisure Planet.com (LPHL): <formerly First South African Corp (FSACF)>
Leisure Planet is a major European online travel company. We first mentioned
this stock at 3 5/8, it then ran as high as 11 7/8. The recent pullback has
set up a potential buying opportunity. Therefore we rate this stock
accumulate in the current $5.25- $5.75 range. Another player in this group is
1-800-Travel (IFLY), now trading at $5 5/8. Both stocks could run in sympathy
as Las Vegas based Travelscape.com (RSVN) is brought to market. The initial
filing for RSVN was submitted 4/27/99 but at this time no formal date for the
IPO has been set.

www.traderjohn.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.