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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: gman who wrote (2743)	3/26/1998 8:59:00 PM
From: Charles T. Russell	Read Replies (6) \| Respond to of 34592

EVERYONE PLEASE READ THIS!!! I don't think anyone here is an idiot GMAN. Everyone here knows exactly how this works. Let me restate the obvious: 1. Joe picks a stock he thinks is a target based upon it's float, outstanding shares, shorts profile, upcoming news etc., 2. PRIOR to 10:00am or at the EXACT instant Joe delivers the buy message he is in buying very large blocks of the issue he has just recommended and getting pretty fast execution. He may also have been accumulating the stock for several days prior. Nothing prevents him from doing this. He breaks no laws. 3. The post is made to those of us in the cafe at H hour. 4. The buying is furious, executions are sketchy, some get in at the right price some don't. 5. At the time the price is moving up, Joe begins selling at whatever price he has deemed appropriate. 6. The stock moves up based upon what the Market Makers do, and how much buy power there is from the group. The short covering action may have a great deal to do with this. If the play has legs, other traders will be dragged in. 7. The shorter the play, the more chance that few of us make anything, most of us will lose. 8. An all day play (PEAFF for example) gives everyone enough time to get in and get out. Pretty rare though. 9. Joe is always out before or just after the stock peaks. Have I lost you yet? 10. The effect is that Joe and any other folks who he has tipped early make money. 11. Each of the traders racing at H hour are scrambling for the table scraps. Most of them are directly depositing money into the pockets of those who are selling against the up trend (Joe and any other earlies). 12. If you are an inexperienced trader and place a market order in the midst of all the demand you bump the price faster, and stand to lose big if and when the price reverses and your sell order can't be placed. 13. If you place a limit order and the price passes you buy, you miss the bus and you get to watch the fun from the side of the road. Now here is the issue. Everyone knows this. So why do they stick around? Here is where I shut up.... EVERYONE... TELL GMAN WHY YOU ARE ALL STICKING AROUND AND FOLLOWING JOE?