Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: hoffy who wrote (13800)	5/28/1999 11:27:00 PM
From: VelvetX	Read Replies (3) \| Respond to of 15987

DIAMOND ENTMNT (OTC BB: DMEC): The stock lost half penny to finish at $0.195 with a daily average volume. Basically, the stock was traded on the sidelines. In the past four weeks, over 50 million shares have been traded. The ratio of buy to sell is about 5:1. Huge accumulation is going on here! According to one source, several market makers are calling around for the shares. They are running short of over 14 million shares. Basically, they got in the trap, as they started to short at teens by hoping the stock would be back down its previous base at $0.05. They don't have any clues to the developments of the company. Now they want to continue to short at twenties by hoping the stock would be back down to teens. With a significant pushover, we believe the stock will explode to $1-$2. That was about what happened to GRPV if you remember. But we feel DMEC is a much better company in terms of its fundamentals. DMEC has ongoing revenues over $3 millions and has own product lines, develops new product lines and looks out for new product lines. Furthermore, its outstanding shares and floating shares are only half of the shares that GRPV (TXCI now) has. Only thing we can do is to hold, to buy more, and to spread the word. Everybody will be a winner by getting in now, as market makers want to make money as well and will follow the market eventually. One more note, two major market makers have been heavily accumulating the shares in the past several days. The stock is rated strong buy under $0.22. Our short-term target price is $1 to $2. ------------------------------------------------------------------- Copyright 1999, analystgroup.com. All rights reserved. Persons may reprint or copy any portion of this publication, provided any reprint or copy is accompanied by our web address (http://www.analystgroup.com). DISCLAIMER: analystgroup.com is not a Registered Investment Advisor or a Broker/Dealer. The information that the Undervalued Dog provides is not a solicitation to buy or sell securities. We do not accept payment of any kind from the companies we introduce or their public relationship firms. This communication reflects opinions of individual analyst only. This report has not been reviewed or approved by the company. The information, opinions and analysis included herein are based on sources believed to be reliable and in good faith but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. Investing in securities is speculative and may carry a high degree of risk. As a reader of the Undervalued Dog you will be responsible for your own trading and investment decisions. You have to set your own goals whether you want to invest for short or long term. The Undervalued Dog or analystgroup.comis not responsible for your investment decision and not liable any loss that you may incur on the stocks that we profile. We give you ideas, stock picks, and buy alert to work with. We advise you do a little research yourself to make a proper investment decision depending on your own risk objectives. Investors should review a complete information package on the Company, which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings. All information contained in this report should be independently verified with the Company mentioned herein. From time to time, associates of analystgroup.com may have positions on stocks that we profile. The receipt of this information constitutes your acceptance of these terms and conditions. For the complete disclaimer, please check analystgroup.com. SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS: Except for historical information contained herein, the statements on this website and newsletter are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the companies operations.