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


To: Derg who wrote (6515)4/13/1998 4:18:00 PM
From: rogermci®  Respond to of 34592
 
Wonder if TM made any money today?



To: Derg who wrote (6515)4/13/1998 4:24:00 PM
From: RCJIII  Read Replies (3) | Respond to of 34592
 
MM Games were rampant today in INTK

Selling certainly did occur in the last 45 minutes of trading, but there were plenty of upticks also. The price dropped dramatically on pretty meager volume during that period, maybe 150 to 200K on a 2.5 million share day.

One encouraging note was that alot of buying came in in the final few minutes of trading.

Tokyo said many times that he likes this stock, it was he that recommended it and although he sold 1/2 of many of his posistions on Friday he claimed emphatically that he was holding on to INTK.

Didn't you notice the ask price would drop after a buy or that after a 1000 share sell the bid would go down an eighth.

The MMs were looking to create a panic sell off so they could get shares back cheaply. It worked. I didn't sell any shares and I am hoping that Tokyo will return soon and reiterate his support which should pop the price back up again, especially if he is willing to buy shares himself.

RCJIII