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

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To: DanielleC who wrote (99304)9/24/1999 8:15:00 AM
From: Rock_nj  Read Replies (2) of 119973
 
OK, it looks like we may very well go lower this morning. But, please don't crow about it if your prediction is right. Crowing and critcizing past calls is disruptive to a short term trading thread.

I can't see this correction going all the way down to 9,700 DOW. There isn't a global market meltdown like there was last fall that propelled the market much lower. I'm going to use the current weakness to buy some position plays position-trader.com for next month: PPRO, GDEN, NSIL, NATS, NAVR all have events next month and could recover quickly if the market rebounds next month.

One thing that is troubling is that the NASDAQ Average is still relatively high. The DOW is down about 10% from its highs, but the NAZ is only down 5% or so.
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