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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Tim Luke who wrote (31165)12/18/1998 9:35:00 PM
From: pressboxjr  Read Replies (1) of 119973
 
Tim, I posted on the RNTK RagingBull thread a while back (around late Sept or Oct) when the market was reaching it's low's and stated that I saw Dow 6500. Well, to my surprise, Mr. Fix Everything (Greenspan) decided to cut interest rates (not once, but twice!!) and in fact, saved the market. I also stated at that time that I was going to start looking for any cheap oil company with HUGE U.S. (or even Canada) oil reserves. People thought I was nuts at the time. How about now?

The answer to your question just may be yes.

As we all know, this market is very volatile. Kind of strange, but I was watching Bloomberg TV and they interviewed people on the streets about the market. They really didn't care what was going on. I wonder if they would care if Saddam gassed Israel? That is what's scary to me. People are running around blind right now.

Money and greed makes people do strange things. Who do you think Russia is backing right now? Or China for that matter? While all of the sudden are these countries who were backing us in November suddenly switching sides?

I really hope this market can continue it's run, but I am skeptical at this point.

JR
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