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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Clidec who wrote (52007)2/4/1999 1:53:00 PM
From: Michaelste   of 119973
 
RE: Online brokerages - Just my opinions

Essentially we created our own monsters. Personally - who cares we trade them up and down and make a few bucks. The bottom line though is that the support is not and will not be there and they will fall as hard as they rose. Some are already beginning to. This is because, say what you will, Mickey Siebert should not be able to stock swap for Merrill Lynch. Also the income is not there. JBOH is far overvalued for a company that has had problems with customers and finance and I believe there is a legal investigation on them also. No confirms on this but i think it is old news.

DISCLAIMER - I too buy them and trade then and currently own JBOH.
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