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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 (3289)	9/5/1998 11:12:00 PM
From: NASDBULL	Read Replies (1) \| Respond to of 119973

Just got back from LA, watched the Dodgers kick the Giants butt!! Anyway, just read the last 61 posts and wanted to say thanks to all you guys, Tok, Street, etc., very nice analysis. News very informative and analysis of bank exposures is great. Thank you guys for making this a great thread on such a long weekend. NASDBULL

To: TokyoMex who wrote (3289)	9/5/1998 11:17:00 PM
From: James Strauss	Respond to of 119973

Jim Dines Calls It A BEAR... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~"The 'Father of All Bear Markets' has begun," says James Dines, editor of the Dines Letter, who has just closed the books on 'The Mother of All Bull Markets.' "The fact that the Dow kept plunging last week despite its deep oversold condition and that it knifed through the 8,000 area without having paused, is even more ominous than Japanese markets having collapsed to new lows," he said. The Belvedere, Calif.-based investment advisor warned that there's more trouble on the horizon, with Latin America possibly the site of the next crash after the bloodbaths in Asia and Russia. Dines said the market's slide, capped by Monday's fall of 513 points -- the second-largest in the Dow's history -- was reminiscent of the 1973-74 market "smash" when stocks fell nearly 47 percent. During the Grand-Daddy of all bear markets, the Dow slid from a Jan. '73 high of 1,067 points to 570 by Dec. '74 on fears of a weakening economy and the oil-price shock from the Arab oil embargo. Today's market, having zoomed without a correction since 1996, faces an equally frightening future. There is concern that the economic sickness in Asia, Japan and Russia could spread to the United States, via America's big trading partners -- Canada and Latin America. In the last six weeks, the Dow has fallen from a record high on July 17 of 9,337.97 to a low of 7,539.07 Monday -- a fall of nearly 20 percent. Despite the drop, investors are not out of the woods yet. "We have the historically negative September-Oct. period straight ahead," Dines said. The experts say Wall Street should brace for more rough times because the list of victims of the global economic problems is growing. This week, the largest U.S. banks and brokerage houses confessed that their earnings were hurt. Jim

To: TokyoMex who wrote (3289)	9/6/1998 12:36:00 AM
From: JEB	Read Replies (1) \| Respond to of 119973

Joe, Let's put this BAC matter to rest. I've found a 3/30/98 10K for NationsBank which says: ******************************************************************* Foreign -- Foreign outstandings include loans and leases, interest-bearing deposits with foreign banks, bankers' acceptances and other investments. The Corporation's foreign commercial outstandings totaled $17.0 billion, $8.1 billion and $3.8 billion on December 31, 1997, 1996 and 1995, respectively. The Corporation had foreign outstandings of $2.3 billion with Germany, $2.4 billion with countries in Asia (primarily Japan), $3.3 billion with France and $3.8 billion with Canada on December 31, 1997. There were no foreign outstandings to any country greater than 1 percent of total assets on December 31, 1996 and1995. ******************************************************************* It seems Bank America as more exposure and could still be affected since the merger hasn't gone through yet. Tough call, I think I will pass on this one. Too many ifs.

To: TokyoMex who wrote (3289)	9/6/1998 10:48:00 AM
From: chirodoc	Read Replies (1) \| Respond to of 119973

glad to hear you agree that dell could be a target also i have never gone short but right now it looks like the market has at least another 1/3 in it down japan is taking its sweet time greenspan may cut but not soon brazil could be under attack u.s. earnings are going to be weaker for sure to me gateway is the juciest target waite is taking on compaq and compusa with the stores he has no experience in this field gateway will be a long, slow downhill roll unless he surprises us curtis