Tokyo Joe's Cafe / Societe Anonyme Message Board

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

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To: Emec who wrote (1181)	6/2/1998 12:36:00 PM
From: jake burns	Read Replies (2) of 8798

This is why fools lose money. MEGW goes down a little to start the day (even with good news released!!!), and then people panic and sell, and the stock price decline accelerates. Why did the people sell? Because of fundamentals? No (with the news released today, the company should be at least 8.50), because other people did. I know this is the case because I talked to many panic-stricken people who unloaded their stock for that reason. They said, 'I better sell cause it's going down'). And, it's always the savvy investors who are there to scoop it up. I invest in fundamentals/information, not momentum. I only own 2 companies: MEGW and IMNR (a biotech company), and have hundreds of thousands in each. I feel both will be 20 dollars by July 4. I know Tokyo feels the same about MEGW. If folks out there are looking for good short/long term investments, consider IMNR and MEGW. IMNR is 12 by the way.

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