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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: TokyoMex who wrote (46408)1/24/1999 5:28:00 PM
From: Frost Byte  Read Replies (1) of 119973
 
Two HUGE movers this week: BVSN & TMCS....you will want to buy these before the close on Monday.....also, I think you are being a little too bearish on the overall market.

Positives:

1) Internet stocks: Sharp reversal on Friday..despite everybody and their mother declaring these stocks a bubble...what does Barton Biggs know about the Internet? He probably has never used a computer.

2) China - China has absolutely no reason to devalue....in fact, devaluation would hurt their economy not help. They've got a $40bln trade surplus...read the article in the WSJ...no devaluation here.

3) Abby Joseph Cohen: Late on Friday she stated that she remained bullish on the market and said the Dow would hit 9850...this should hit CNBC, the press on Monday.

4) Clinton - On Monday they are voting to dismiss the charges...only 5 Republicans need to vote in favor and the whole impeachment thing is history.

5) Last Week - we already had a sharp sell-off last week and I believe we are short-term oversold.

6) Money continues to flow into equity mutual funds...simple supply/demand forces will prop market up.

7) Earnings have been sensational...especially tech earnings.

8) Brazil - yep, you got me on this one....but the financial markets are significantly deleveraged, the banks have been expecting this, and we've already been through this before with the Asian Crisis..

All in all, I expect an up week, especially for tech/Internet stocks....I'm telling ya, watch TMCS and BVSN on Monday and Tuesday.

-FB
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