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: TokyoMex who wrote (11172)	11/13/1998 4:26:00 PM
From: Charles T. Russell	Read Replies (1) of 119973

CMGI - chart looks good for a continued short. Ready to take out 13MA. Resistence at 63-65. I bought Dec 70 puts a few days ago. XCIT - heading lower. Bumping its head at 50, couldn't hold today. Purchased Dec 50 puts today. Internet charts are looking a weee bit overbought. With a continued surge in the DOW, I expect to take out about 10-15% of the internet paper wealth next week..... Any opinions? Let's try to counter all the hypers here. Let's talk fundamentals for the weekend. I'm looking for a tech adjustment on Monday....

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