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

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To: Tim Luke who wrote (33573)	12/24/1998 9:05:00 AM
From: James Strauss	Read Replies (1) of 119973

TAVAZON.Com... Countdown Has Begun... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Tim: TAVA is just beginning its move... It has trendline resistance at 7.25... Then, overhead resistance at 10.25... A break from there takes it to the 13.00 to 14.00 former high... After that, earnings will dictate upward price momentum... At a current 1999 Eps est of .75 we get a price of 15.00 with a P/E of 20... We get 32.50 at a P/E of 30... With the expected earnings growth rate > 30, a P/E of 30 is not out of the question... It may even be conservative... Here is the daily chart: iqc.com. Note the lateral buying range in the 10.25 area... Here is the weekly chart: iqc.com. Note the prior high in the 14.00 area... That was made when the fundamental outlook wasn't as good as it looks today... Throw in a little Y2k mania, and who knows how high it could go... Jim

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