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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 (4210)9/18/1998 7:12:00 PM
From: hoffy  Read Replies (1) | Respond to of 119973
 
Joe, thanks for your opinion but that seems hard to believe. Not the fact that insiders are getting out because that is possible. But if they are selling then what is holding the stock up? It has traded about 600,000 shares in the last 3 days. normal volume is about 5-10,000.
I think something else is going on. I am not saying good or bad because I really don't know.
I know they have a deal with IBM and there are rumors of IBM coming out with the announcement next week, but I cannot confirm this.
It has turned into an interesting situation and one to watch. I only have 2,000 shares but I will watch to see if it starts to move. If IBM is realy in bed with them then the recent trading is just the smart people getting in.