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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: JC Money - President of a Loca who wrote (36905)12/30/1998 7:29:00 PM
From: JEB  Read Replies (7) of 119973
 
They are making a mistake (CNBC) trying to drive down the internets like they are doing. If the internet rally dies, then they have shot the goose that laid the golden egg.

It is my opinion that the internet sector has saved this market from a general sell off.

I mean the listed stocks also!

The listed stocks (NYSE and AMEX) have been selling off but not as drastically as it would have if all of us day traders decided to short the market because there is nothing appealing to go long on.

You see, we are the new breed. We are the wild card, the loose cannon. They are trying to devise ways to control us but it is not working (i.e.-Limiting margin to some stocks).

The brokerages, funds, Market Makers have had control over the system and they have made vast fortunes but they have also helped keep it from getting out of control.

We are the new dilemma. They are not sure what to do about us.

Joe (TM) recognized the untapped power of a group (SA) getting together and acting as a Market Maker. Power in numbers! We all need to learn as much as possible if we are to act professionally and as one. We need to read, study Level II action, and study chart patterns and the technical indicators. If you do not have a book on trading and TA, Get one! (This last sentence was for all of SA, not directed to you JC)

Good trading,
JEB
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