Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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

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To: Norm Demers who wrote (90715)	8/24/1999 3:49:00 PM
From: fiberman	Read Replies (2) of 119973

GRIN!!! What am I missing about this? I am not trying to be a jerk, but am trying to understand your conecpt of day trading. This company is not exactly an "IBM". The low for the year is $1.00 It is a Canadian company. Bigger players like ToysRus can kill these guys. The balance sheet does not look very impressive. It has a float of only 300K. Today over 9 million shares were traded. This means that you guys, the daytraders, have bought and sold these shres 32 times!!!! What am I missing? Sorry for the long post on daytraders' thread, but I am just trying to understand the logic here. Thanks in advance people!!!

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