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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (4184)	6/1/1999 10:38:00 PM
From: DBrian	Respond to of 6957

Interesting, ETrade has over 5MM traded on DMEC today...but they are off quite frequently lately. DB

To: TraderGreg who wrote (4184)	6/1/1999 10:53:00 PM
From: DBrian	Respond to of 6957

DIAMOND ENTMNT (OTC BB: DMEC): The stock was unchanged to finish at $0.195 with a heavy volume of 4.394 million shares, three times of its 3-month daily average. Without counting the shares borrowed each other among some market makers (they often don't show this kind of transactions on trading log, but they list them as sells if they want to let people believe there are some sellers out there), the ratio of buy to sell is little over 3:1. Now we feel we have a perfect opportunity to buy more at these level, as those market makers, who are shorting the stock, have not realized the company is going to officially launch its e-commerce site in the very near future. Don't take our words for granted. Do your own research and make your own decision. In fact, you can preview the website at 207.246.226.130. The site still needs some work including data base and credit card process. One thing that we like about the company is that they distribute all types of merchandises via both the Internet and the traditional way. Unlike many Internet retailers, DMEC has an alliance that has over 30,000 stores across the nation to distribute its products. This tremendously helps the bottom line of revenues and profit margin. Also, the company is working on some partnership with some major established Internet outlets to guarantee its success in various ventures in the near future. We believe these brand names of the Internet outlets alone will add a value of $1-$2 to the stock, not even mention huge potential of the distribution of the company's products via the Internet. Again, we find a keep here. We are buying as we can, as there is little downside risk here if there is any. The stock is rated strong buy under $0.22. Our short-term target price is $1 to $2.