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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TsioKawe who wrote (79426)	6/15/1999 1:37:00 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 119973

PNLK...A screaming buy @ 2 1/2? Yes, IMO. Negatives: last three days have violated channel of 3-4 and gen'l mkt weakness could push PNLK to low 2's (probably not below). Margin calls could force further selling of all spec stocks, esp OTC's. Positives: B2B is quickly becoming THE hot topic, PNLK ads are good & timely, voluntary lockup of shares shows insider confidence and reduces uncertainty, PNLK site continues to improve while being reliable (certainly as compared to EBAY!). Also, chart stochastics are nearly as oversold as they were in May when PNLK went from 2.75 to 4.00 in 4 days. Any fundamental news could easily make April's run to 8 look like a warm-up exercise. BOTTOM LINE: downside potential is...well...about 2 1/2! Upside potential is...well...we've already seen 8! Guess which way I'm betting? Profitable Blessings To All--MK--