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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: hoffy who wrote (15359)11/23/1998 10:26:00 PM
From: Trader J  Read Replies (2) of 119973
 
Hoffy, I don't see the price action. ONSL site is much better than Ebays yet they trade at a fraction, but the price action is very good and the trend is up.

I realistically don't see the hype, action, or uniqueness that many of the other big movers have. Take a look at many of the alternative sites, that is the 3rd tier back from the leader, and I just don't see any compelling reason to trade it. They may very well go, but we are steadily climbing towards a valuation and when the nets correct I would not want to be stuck with a 3rd tier. At least 1st tiers will be the first to climb after a major revaluation, the 3rds, and to some extent the 2nds could very well languish. I see this settling back around 6 unless we further the Inet push which I think is nearing its near term end..... before it restarts again that is.

Egghead has an auction site, is it worth 195? Is it worth ONSLs 28. I think we have to face the fact that it is the 1st and to a much lesser degree, the 2nd tiers that will continue to get the attention.

All I am saying is that in order for this run in NM to continue the Inets will have to be amazingly strong which I don't see happening enough to bolster NM.

But who knows, you may have a winner here. But for me, there are much better trades out there.

Good luck

TJ

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