During the week, all 6 stocks went down in price with Freerealtime falling by 22%, Custom Tracks and Starnet falling by 12% each. Of the 22.6 points fall in the unit value of the portfolio, Custom Tracks once again accounted for more than 50% with the rest coming mainly from Starnet and Freerealtime. The Canadian companies in the portfolio - CRY/TSE and FMI/TSE continue to hold their own, FMI is expected to move up considerably once the announcement of the Kraft deal is announced.

During the week Custom Tracks continued to fluctuate between $33.25US and $42.50US. Congratulations to those who were once again successful in riding CUST wave. The width of the fluctuation has narrowed to about $10. With interest rates jitters we expect CUST to break through its lower support levels.

Starnet Communications International Inc. filed a Writ of Summons and Statement of Claim against defendants, Las Vegas Casino, Inc., Claude Levy, and Gambling Magazine, in the Vancouver Registry of the Supreme Court of British Columbia on Tuesday, August 3, 1999. Starnet bounced back to $14.53 after the suit had been filed.

Most internet related stocks have fallen to around 50% below the highs achieved in April and this choppiness is expected to continue in the next few weeks.

$C = Canadian dollars, $US = US dollars