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Technology Stocks : JW Genesis (JWG) - online trading in the future? -- Ignore unavailable to you. Want to Upgrade?

To: DavidCG who wrote (15)	5/21/1999 5:46:00 PM
From: OSHANL	Respond to of 78

David, Thanks for your post which I came across after I got home. Bought at close @ 16 5/8. I own NDB and had SWS (sold at loss on that fateful MOnday 3 weeks ago). Your post looked good and I recommended some friends to take a look at it.

To: DavidCG who wrote (15)	5/21/1999 8:11:00 PM
From: William F. Wager, Jr.	Respond to of 78

DJ JW Genesis Stk Jumps For 2nd Day; Co. Has No News Lynn Cowan 5/21/99 NEW YORK (Dow Jones)--JW Genesis Financial Corp.'s (JWG) stock rose 8.9% in intraday trading Friday, but the Boca Raton, Fla., brokerage's vice chairman said the company had no news that would explain the share activity. The company's stock was trading recently at 16, up 1 5/16, or 8.9%, on volume of 328,800 shares. Average volume is 48,415. On Thursday, it closed at 14 11/16, up 1 11/16, or 13%. Vice Chairman Joel Marks told Dow Jones that he believed the firm's upcoming sale of its clearing operations to Fiserv Inc. (FISV) could be having a positive effect on the stock, given the amount of Internet chatter about it. The company agreed to the sale for $58 million last month, and is expected to close the deal in coming weeks. "There have been a lot of chat room rumors about what we would do with the money," said Marks, who declined to say how the firm plans to use the sale's proceeds. --Bill