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


To: Lawrence Burg who wrote (10315)4/23/1998 12:44:00 PM
From: Panita  Respond to of 34592
 
Lawrence Cut and past This site translates for u...

babelfish.altavista.digital.com



To: Lawrence Burg who wrote (10315)4/23/1998 10:47:00 PM
From: Lawrence Burg  Respond to of 34592
 
Back for more IMAL.

I bought it because it was one of 4 remaining Net plays w/little to no movement; Wednesday @ 1 1/2. already a 50% gain off 52 week low of 1.

Low volume moves it. That's good, now I just need to convince someone to buy some w/o looking like a can of Salt Pork & Ham.

The chart still looks good, if you can suspend your disbelief of it's effectiveness on pennies. Here's what I see:

Combined stoch shows a big breakout following action on Monday, from a converged bottom.

Conventional 14,3,3exp stoch shows similar breakout; 'tho this signal isn't the best match.

RSI8 @ ~60 and even with highs of previous 5 months. Looks like it wants to go higher. Also first time it's broken up from below the 30 threshold in a while.

MFI8 still below 20 but looking to break upward.

MACD9 broke above the trigger today. Not drastically, but doing so just the same.

CCI8 showing a huge swing to the upside starting middle of last week while the price was still going south. The reversal of price to follow CCI is a strong indicator. It still has room to run up; currently @ ~75.

ADX8 also rising off a bottom of ~12.

Momentum12 is also showing a clean rise off the bottom.

Have to stop short of predicting a target since it would be a complete guess, but I'm comfortable w/my 2000. Will look to sell most, but carry some freebies and enough cash for a case of Molson Canadian and dinner w/my wife for the weekend :-)

FA-wise, got some sour news about their BoD. Trying to check right now. Very little info out there.