Tokyo Joe's Cafe / Anything goes Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: Moonglow who wrote (1356)	3/22/1998 7:20:00 AM
From: ChrisJP	Read Replies (2) of 34592

Dear Juanita, Please use your own judgement, but my experience is that when a stock moves more than 300% in a week like TNRG did, owners of the stock prior to the runup usually take profits. In other words don't be surprised if you see some selling, especially if it gaps up on Monday. I can't say what TNRG will do, but don't be too surprised if it acts like every other stock that has tripled in price in a week. Also consider the possibility that TNRG may have been HEAVILY SHORTED and perhaps you are seeing the combined effects of buying and short covering. To see what I mean, go look at a chart of FIBR the 1st 2 weeks of Jan. The stock was heavily shorted, but the shorts didn't want to cover until 1998 (I assume for tax reasons). The stock went from 2 to 6 in a few days on the short covering and the buying follow through. Look at what the price did when profit taking occurred. At one point it sold off to 4. That's OK if you bought at 2 or 3, but not OK if you bought at 5 or 6. My REAL advice is to convince Jane to send you a private message the moment she buys or sells ! You will do fine ! Regards, Chris

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