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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 (3156)	9/4/1998 8:54:00 AM
From: Money Maker (MM)	Read Replies (1) \| Respond to of 119973

SEEK Someone give this link on yahoo board #52061: software.infoseek.com and from #52060 SEEK 17 1/8 GCTY 22 1/16 LCOS 25 5/16 XCIT 25 1/2 YHOO 75 3/16 MM

To: TokyoMex who wrote (3156)	9/4/1998 10:19:00 AM
From: chirodoc	Read Replies (1) \| Respond to of 119973

will the bulls be back in two weeks? wouldn't you love to be the fly on the wall when rubin and myazawa meet today in san francisco? is this the oil bottom? Euro Markets: European Stocks Rally Behind Oil By Ned Stafford Special to TheStreet.com 9/4/98 8:02 AM ET FRANKFURT -- The mood here was calmer today, with stocks bouncing back from yesterday's losses on short-covering and position-squaring ahead of the weekend. Volumes were generally light, with many investors still not willing to pump large amounts of fresh money into stocks. Thursday's losses on Wall Street nagged at investors, as did the possible negative implications of today's U.S. August jobs report. And Russia's and Latin America's woes continue to smolder. Nonetheless, some gutsy bargain hunters were tiptoeing through a few battered sectors, with especially strong demand for oils after crude prices rose. In London, Shell (SC:NYSE ADR) was up 6.1% and British Petroleum (BP:NYSE ADR) was up 4.1%. In Paris, Total (TOT:NYSE ADR) was up 8% and Elf Aquitaine (ELF:NYSE ADR) was up 8.5%. In Frankfurt, the Xetra Dax was up 115 points, or 2.4%, at 4912, in London the FTSE-100 was up 70, or 1.4%, at 5188 and in Paris the CAC was up 58, or 1.6%, at 3703. S&P 500 futures were helping soothe frayed nerves here after a rough week, and were last up 7.70 points at 993.20, which is around 9.80 above fair value. The dollar had rebounded from yesterday's swoon, bid at 135.48 yen and 1.7405 mark. The U.S. long bond was yielding 5.32%. The dollar's bounce was helped by comments last night by Bundesbank President Hans Tietmeyer. Tietmeyer said the dollar's plunge the past week was because of technical factors, not fundamentals. Tietmeyer also indicated that recent stock market declines were healthy, adding that he did not expect a global depression. Shares in companies with a domestic focus or not exposed to emerging market turmoil were also being bought, as were pharmaceuticals. SmithKline Beecham (SBH:NYSE ADR) was up 4.6% and Schering was up 4%. Most investors remained wary of banks despite huge losses recently. In Frankfurt, Deutsche Bank was up 1.4% and Dresdner Bank up 3.0%. But in Paris, Banque Nationale de Paris down 2.1% and Paribas down 1.2%. Richard Vennekold, head of the European investment group at Hypo Vereinsbank in Munich, said he was still extremely wary of the market, and thinks new lows are possible. "It is not yet time to buy," he said. "People should be very careful today. A lot could happen this weekend." His cautious view will not change unless the Dax closes above 5000 points for two or three days in a row. "As long as we stay below 5000, the downside risk is quite high." Philip Dumas, head of European institutional sales at Durlacher in London, also was remaining on the sidelines. But he said some institutional clients were loaded with cash and appeared to be getting itchy to pull the bargain-hunting trigger. Sentiment turned so bad, so quickly, that Dumas thinks a 100% reversal in global sentiment could occur just as quickly and surprise the market: "In a week or two, we could look back and wonder what all the fuss was about." See Also EURO MARKETS Banks Beat Another Hasty Retreat 9/3/98 8 AM EURO MARKETS ARCHIVE