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

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To: QuietWon who wrote (38866)1/5/1999 1:07:00 AM
From: TokyoMex  Read Replies (2) of 119973
 

Cramer Finds TSC's New Site a 'Pleasant Surprise'
By James J. Cramer

1/5/99 12:15 AM ET

Random musings: The New York Stock Exchange better stop declining to comment about every ridiculous imbalance and crummy closing print. This isn't the old days when the public just says, "Well that's too bad," or "That's understandable." Now people are fed up with business as usual, especially after an AOL (AOL:NYSE) or an Amoco (AN:NYSE) or a Chase (CMB:NYSE) or an Illinois Tool Works (ITW:NYSE) trade. They feel that the NYSE protects its own at the expense of the public. In 1999, the NYSE should change should accept the fact that people will not reach a benign conclusion any longer when they see these outragesý

Let's watch Onsale (ONSL:Nasdaq), which will be on Squawk. The pattern has been that you can own the stock until the minute the talking head starts the gig, and then you have to blow it to smithereens. Let's see if the pattern holds true for 1999.




James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com. At the time of publication, his fund was long Chase Manhattan and America Online, though positions may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column by sending a letter to TheStreet.com.
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