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

To: TokyoMex who wrote (2921)	9/1/1998 9:06:00 PM
From: TokyoMex	Respond to of 119973

Tuesday September 1, 8:19 pm Eastern Time U.S. regulator warns of fraud in volatile market WASHINGTON, Sept 1 (Reuters) - A U.S. securities regulator warned investors on Tuesday that the current volatile stock market was the perfect environment for scam artists to play on investor fears. Unsuspecting players could be lured into investing in high-risk areas they would not normally touch, said Denise Voigt Crawford, president of the North American Securities Administrators Association Inc. (NASAA). That could include commodities, prime bank notes, entertainment-related investments and foreign currency contracts, said Crawford, who is also Texas Securities Commissioner. Crawford told Reuters that fraudsters could try to play on fear of the volatile market and investor greed to sell high-risk instruments as a means to protect investments or recoup losses. ''The nature of the pitch will change,'' she said. ''They will be hyped as very safe investments (but) they will still be frauds,'' she said. The U.S. stock market has been on a roller-coaster ride in recent days, whiplashed by a global financial crisis. The Dow Jones Industrial Average fell 6.37 percent on Monday -- its second-worst points drop -- before recovering nearly 4 percent by late afternoon on Tuesday. ''Every person is trying to make money or preserve principal, but one of the things we're going to be seeing in the next few days are frauds that are based upon the notion that you don't want to lose your principal,'' Crawford said. ''A few weeks ago the nature of the pitch was 'this is the way to make a lot of money.' The new pitch undoubtably will be this is the way to protect your money,'' Crawford said. The volatile market could be masking sales practice problems such as unsuitable investments, high fees, excessive commissions and churning -- high volume trading encouraged by a broker, she warned. ''Excessive trading or churning generates more commissions for brokers but can hurt investors,'' she said.

To: TokyoMex who wrote (2921)	9/1/1998 9:15:00 PM
From: DebtBomb	Respond to of 119973

YEEE! HAAAAA! Thanks. We are looking good. I picked up some cheap stocks today. This week should be fine. I think I'll be ready to short again in about a week. My only regret in the last couple of weeks has been not shorting INKT at 72, I tried at 62 and there weren't any shares available. I'm going to be watching the dollar close for a move in gold. I read yesterday that demand for oil next year is predicted to go down about 1%, not too much, but would be better for oil stocks if demand went up. But oil, like gold, is a commodity and if the dollar falls enough, they will go up.