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

To: westpacific who wrote (86735)	7/27/1999 5:50:00 PM
From: hoffy	Respond to of 119973

I have been looking at CONV and thought it looked good until today. It went below it's IPO price on Heavy volume. usually IPO's get good support at the offering price but once they go below it they tend to be very weak. They was a lot of sellers out there and not much interest. I like the top line growth too but the technicals look bad. I wouldn't be surprised to see 2-3 points on the downside from here. Other IPO's have been looking weak too like NPLS. Went to a new low today. The internets seem to be finding a price based on valuations which is scary for some of them. Those that show losses might be ones to stay away from, at least for now.

To: westpacific who wrote (86735)	7/27/1999 7:50:00 PM
From: BarbaraT	Read Replies (1) \| Respond to of 119973

Thank you for the information ... I, too, am impressed (but then, I am easily impressed <gg>) Appreciate your passing this along to us.