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: J. C. Dithers who wrote (27739)	6/27/1998 6:09:00 PM
From: RCJIII	Read Replies (2) of 34592

Does anyone have credible evidence showing that Big Dog received shares from TVSI to pump it? I would find that hard to believe. I really don't think he P & D'ed that stock. He definitely pumped it, but I think he just got discouraged when it appeared that no amount of buying could get the price above .04. He told me recently that he still held about 1.4 million shares, whether that is true or not I don't know. I tend to believe he has retained at least some of his holdings in that stock. I lost my ass in TVSI, I bought on my own DD, the rumors that were circulating and Big Dog's assurance that he had 100 million shares of buying power to bring to bear on the stock. I blame myself for TVSI, not Big Dog, although I think his buying power estimates were extremely bloated. We live and learn. I don't think we can blame Big Dog for the recent performance of some of his picks. Tokyo's picks rarely work these days also. The reason, I believe is that the MMs read these threads and are prepared in advance for whatever picks are made. If an overwhelming amount of good news doesn't come immediately after the pick to support the buying, the MMs simply flood the market with shares. In BB stocks they have almost an unfettered ability to do so. Then take into account the daytraders that sell quickly after the stock goes up and the panic selling that takes place once the momentum dies and its easy to see how simple it is for the MMs to take a good pick and screw us all. In my opinion the worst idea for us is to telegraph way ahead of time that a pick is coming. I think the NBET situation is a prime example of my point. Big Dog let it be known for over a week that his big pick was coming, lots of people sold other stocks to create cash. The MMs had plenty of notice that a pick was coming with heavy buying pressure behind it. Once it came, they were as ready as any of the investors and the stock never went anywhere even though the exposure it received and the buying power behind it were enormous. In my humble opinion the only BB stocks that will work as picks are the ones that have lots of positive PR coming in a short period of time. That will be what is necessary to defeat the MM games, the daytrader selling and the general panic of those who can't stay invested for over a week. Just my thoughts after following and participating on this thread for the past several months. RCJIII

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