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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: JoeWeinberg who wrote (388)5/27/1999 10:15:00 AM
From: bob yahnke  Read Replies (1) | Respond to of 2514
 
Right you are, Joe. I expect that this stock will consolidate for about a week in the 50's-60's then soar on news shortly. The market maker activity I saw this morning was very positive.



To: JoeWeinberg who wrote (388)5/27/1999 11:15:00 AM
From: Tom Hua  Read Replies (2) | Respond to of 2514
 
Antonio Sanchez's open market purchases of almost 500,000 shares over the past few months paying more than $39.00 for stock in recent weeks for a total of $6,400,000

Joe, did you figure his average purchase price? To be exact, between 2/4 to 4/13, he purchased 424,564 shares for a total of $6,264,025. That works out to $14 3/4 per share.

Note that most of the shares were bought before the company started on its new internet venture. Basically, Sanchez bought into a concept, not a proven product. At least he only paid $14 3/4 on the average, speculative, but safer than those who buy recently.

At CompUSA, dozens of insiders bought tons of stocks in the teens last year, and stock went on to decline 50%.

Regards,

Tom



To: JoeWeinberg who wrote (388)5/27/1999 11:37:00 AM
From: Tom Hua  Read Replies (2) | Respond to of 2514
 
If one discounts the recent research report and reasonably
values DSS at only $150 per share


Joe, a reasonable person would strongly disagree. Instead, a practical person may just value it at $0 until the company can demonstrate that its product can compete with existing leaders in the field. Let's put the issue of product merit aside for a moment, as nobody has seen it, how is it gonna be marketed effectively by a law firm owned by one of its directors?

Regards,

Tom