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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Rock_nj who wrote (4101)6/11/1998 11:42:00 PM
From: Andeveron  Read Replies (1) of 8798
 
>> The bid ask was actually BID 0.016 ASK 0.0165 <<

A true penny, so to speak. The 52 week high on this is .019

Figure, a player buys in 100,000 shares at .016 for $1600. If it moves to it's 52 week high, he makes $300. Decent return, but it could also tank to it's 52 week low of .001 thereby rendering your 100,000 shares into a pittance of $100. The news today also did not move the stock much. Does the company have more news on the way or was this it?

No intention to bash, just curious about why you feel this is a worthy investment.
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