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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: Dr. Microcap who wrote (80459)6/23/1999 9:17:00 PM
From: Ed Swanson  Read Replies (1) of 119973
 
So let me understand this. WITC signs agreement to handle CMGI's IPO's. CMGI in talks to acquire Lycos from Compaq. So WITC will handle the IPO for Lycos. So for CMGI stock holders to get in on this IPO (and all other CMGI IPO's)they will have to become customers of WITC. If only 5% of CMGI stock holders join WITC to get in on the IPO's, how large will WITC's customer base be? Are there still doubters that think this stock is not going to be huge. Bigger then ETrade....bigger then Ameritrade....bigger then??????......and trading for 14.

Other notes:
1. Goldman owns 22% of WITC. They would not throw there money into a stock that they did not think was going to be huge. Goldman will need an online trading business if they expect to compete in the future. Could it be Wit?
2. Everybody wants IPO's. They are no longer just for people in the know. Now any yokel can get in on an IPO. Thus increased customer base for WITC. Thus increased revenue on commissions. Thus higher stock price.
3. Quiet period ends at the end of this month. Once the ban on news is lifted there should be analyst recommendations (All strong buys and outperforms I am guessing), and releases from the company (all good I am guessing).
4. Look at the management team. They do not get any stronger then this. These guys are leaders in the industry, they all have proven track records, and they have good connections to analysts and investment banks.
5. This stock took a sharp drop after the IPO but has climbed up every day for the last 4 or 5 days. All of this in a crappy market. With the quiet period ending next week I expect it to continue to climb a little every day until some good news hits and then this baby really starts to move.

This is not a day trade. This is more of a 2 week to 1 month trade. But look at some of these other companies we trade in. Mostly it is just on rumor that drives these companies up. WITC has alot of real factors that IMO will drive this stock price up and I feel confident it will at least double in the next month.

Do your own DD. I think this is going to be huge. But of course that is just my opinion.
Ed
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