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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Investor Clouseau who wrote (16012)	5/29/1999 8:14:00 AM
From: J Walter Jacobs	Read Replies (2) \| Respond to of 25711

The pressure in DMEC is building. PLEASE READ the following from the analystgroup. 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). This is a quote from the analystgroup. Standard disclaimers apply.