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: Trader J who wrote (17905)	11/28/1998 12:33:00 AM
From: Panita	Read Replies (1) of 119973

Just watched CNN's Moneyline debate with Bill Fleckenstein of Fleckentein Capital and Howard Ward of Gabelli. I was cracking up. Bill Fleckestein, the perennial short, has a little more white hair since I last saw him on CNBC a few weeks back debating the short side against Joe Batapaglia of Gruntal. ;-). Bill may end up in the same ranks of the likes Metz of Oppenheimmer, and that lonely bear lady on PBS's Wall Street Week. IMHO Howard the other CNN guest is crying because big funds are going to lose money as individuals start trading stocks instead of plugging big chunks of cash (like blind sheep) in high expense mutual funds. Today's world is very different from what we had just five years ago. Thanks to the internet and computers, small investor have economical tools that were only available to the big guys - Level II, timely access to press releases and general company information. Five years ago we had to read it the following day in the WSJ and that if we were lucky because there is only a small available space in the WSJ vs. the unlimited space of the internet. Small investors can now play stock with small floats - we buy/sell relatively small blocks; something that a mutual fund can't do because a few hundred or thousand shares don't make a dent in the million of millions of $$$ in their fund. Of course we also have Joe Kernan and the rest of the CNBC gang to remind us of stocks that we haven't notice are in play. It may not last forever but BOY! we are just playing the first of 11 innings. And yes I consider myself lucky to be in the crest of a rising wave. Happy Investing

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