Congratulations to readers who took positions in Cell Loc Inc (CLQ/AL), following the Sept 12 1999 issue of our Newsletter which was dedicated to answering questions posed by readers.

In answer to question 2 of last week's newsletter posed by Joe we mailed the following to readers:-

Question 2:- Have a look at Wi-Lan (Canadian) they have a product (IWILL) that can produce internet 30mbp wireless transfer speeds. Sweden's Telia and Britain's Tele 2 have signed up to implement their technology. This sounds like it will be big in 12 to (CLQ/AL)18 months... Let me know, By Joe

Answer:- I don't have to look, I took a position in this company over a year ago at $1.40. To confirm my decision and also get some sort of comfort to go ballistic on this one, I asked JB (a data expert) ……..

  Continue at http://www.fortunecity.com/meltingpot/greece/362/990911/990911_shorthand_ID_101.html

 

Today, Monday Sept 20, 1999, Cell Loc closed at $9.40, providing a 62% gain ($9.40-$5.80=$3.60) for the readers who took positions in this company following our September 12, 1999 newsletter. We are happy that readers make the effort to read our newsletter and especially so, for those who benefit from reading our newsletter.

Please keep your questions coming, all questions will be answered. No question will be considered stupid as all of us have to start somewhere.

Based on information received (see below) from a reader we took a position in EWRX/Nasdaq at $1.3125, without any due diligence. Thank you RC. We will review the prospects of this company the coming week end and then decide on our next course of action - go ballistic on this stock or hold it for 6 months.

"……you are aware that a large consortium is being put together to challenge Ebay's dominance of the Internet auction market. This group will have as it's backbone, software developed by fairmarket.com who have developed auction sites for Lycos, Dell, and ZDNet. This new Mega site will be anchored by the biggest names in the industry - Microsoft, Dell and Excite with several dozen other sites forming an integral part of the picture".

 

Good luck to all!!!!!!!!!!!