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: KonKilo who wrote (16589)	5/12/1998 6:57:00 AM
From: Peter Mui	Read Replies (1) of 34592

> Anyone trading GOTK today? I'm a bit nervous > to hold this one for long...that kind of volume > and no move up seems to indicate some major > dumpage, IMHO... Watch the L2 on this stock. GOTK day traders were jumping in and out all day yesterday which kept the price from rising. Everyone was trying to scalp 3/32 on 10,000 share lots every half an hour or so. If you also check the L2 yesterday, you would have noticed huge buys on the bid side from Oppenheimer and Smith Barney, among others. That was why the price never declined or strayed for long below 27/32 all day. There was a lot of selling from day traders but a lot of buying as well. Take this observation for what it's worth but you can confirm it by looking at yesterday's L2 trading logs for GOTK. I thought it was interesting to see such huge volume on Friday and Monday in this stock. Regards, Peter

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