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Newsletter




 
 
OTC Journal 
August 30, 1999
Volume II, Issue 39

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

The OTC Journal is dedicated to helping individual investors make more money in the stock market.  From time to time we bring you profiles on young, undiscovered companies that we feel have the potential to provide you with outstanding returns.  We've created a day-trading section with excellent content, and now we are going to allow our members to share their investing ideas through the 1st Net's $36,000 Stock Challenge which will begin on September 1st.

The game may be found at www.1stnetstockgame.com, or by going to our home page and clicking on the Stock Game button.

The long awaited 1st Net $36,000 Stock Challenge is ready to begin.  The game will be played on a month-to-month basis and cash prizes will be awarded every month for the best performing portfolios.  At the end of each week, participants will be able to access the trading activity of the best performing portfolios so that you can use this information to improve your trading skills.

First, we want to thank the 863 players that have been participating in our Beta Test Version of the game since June 15th.  Hopefully all the bugs have been worked out of the game, but it will continue to grow and evolve every month.

Tomorrow, August 31st, all the current portfolios will be reset to $100,000 in cash.  The game will begin at the open of the market on September 1st.  The first month's contest will end after the market closes on September 30th, and the next contest will begin on October 1st.  We will be introducing games of different lengths as time goes by in order to reward longer term investors for their performance.

Here are the basic rules of the game:

  • The game will always begin on the first trading day of the month and end at the close of the market on the last trading day.
  • The three top performing portfolios will be awarded cash prizes.  The winners will be judged strictly by the value at the end of the month, not the closed out positions.
  • Please take the time to read the rules before beginning play.  They can be found on the home page at www.1stnetstockgame.com.
  • Pay particular attention to rule 8.5.  Our game runs off a 15 minute delayed quote.  During our beta test period, we recognized that some players were purchasing stocks using real time quotes, and then selling them quickly knowing that the stocks would be higher in 15 minutes.  Players that are deemed to be trading in this manner will be disqualified by the Judges at their sole discretion.
  • Prizes will be awarded in the following manner: $1,500 for 1st Place, $1,000 for 2nd Place, and $500 for 3rd Place.  We are working on sponsorships to increase the prize money and offer other prizes.
  • Please visit the home page of our co-sponsor, http://www.stockgroup.com.  Members that read our profile on Stockgroup.com (OTC BB: SWEB) over the weekend know that we believe that Stockgroup is introducing the most comprehensive web site with information on Small and Microcap stocks available on the Internet today.  Their current site is good, but the new generation site will rival the Bloombergs and Yahoo! of the Internet.
Good luck to all participants.  Please don't forget to check the best performing portfolios at the end of each week to get some investing ideas that you can use for your own purposes.  Bear in mind that we will be upgrading the game as time goes by, and bear with us if there are any problems along the way.  Remember, this is for fun, education, and prize money.

Don't forget to tell your friends and family about the game so that they can also compete.

One more exciting feature we have created:  If you go to the Community Message Thread button on the menu bar, you will find chat room threads have been created.  Each and every stock that any player purchases will automatically have a message board thread created in this section, and you are invited to discuss the companies with other players.

Good luck and good investing.  This is only the beginning of what we hope will become a very exciting and fun game.

1st Net Press Release

Tomorrow, 1st Net Technologies (OTC BB: FNTT), the parent of this company which owns this newsletter and sponsor of the stock game will be issuing a press release prior to the open of the market.

1st Net is announcing the release of a newly developed information management product known as Envoy Mail.  If you wish to learn more about this exciting web driven e-mailing program, simply visit the web site at www.envoyexpress.com to learn more about it.

Check the 1st Net quote early to read the full text of the press release.



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Disclaimer

The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. All statements and expressions are the sole opinions of the editors and are subject to change without notice. This profile is neither an offer nor solicitation to buy or sell any securities mentioned. This newsletter is owned by SSP Management, Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st Net").  While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with which they are affiliated, may own stock in and have other financial dealings with the companies who appear in the publication.  To that degree, this newsletter should not be regarded to be an independent publication.  The OTCjournal.com critiques may contain forward looking statements relating to the expected capabilities of the companies mentioned herein.

THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.

We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com.   We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm.   Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.




 

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