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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 (9213)	11/7/1998 9:43:00 AM
From: hoffy	Respond to of 119973

IATV's President David Reese will be speaking at the below conference. Everyone in the business will be there. Look for a nice run early in the week and into Thursday when they confernece is on. If they announce anything exciting it could really fly. The volume started pouring in on Friday with a nice gain. I think it will continue through next week. They may announce some deals with Fox and some of the athletes. Here's the news David Reese scheduled to speak at Kagan Conference: Sports Franchises, Facilities, Media Rights, Marketing & Finance to be Big-League Topics at Kagan Conference in New York, Nov. 11-12 CARMEL, Calif.--(BW SportsWire)--Nov. 6, 1998--The new economics of sports business in the digital age -- fueling the merger of real estate, media, merchandising and advertisers -- will be a hot topic at Paul Kagan's Sports Values conference, Wednesday and Thursday, November 11-12, at The Park Lane Hotel in New York City. Designed to bring pro analysis to pro sports, this timely conference will field an all-star lineup of more than 30 top league officials, player reps, agents and team and media executives as well as sports marketers and financiers to discuss what impact record-setting trends in television rights fees, revenue sharing, stadium and player costs are having on league and team values and what role advertising, marketing/promotion and new media will play in the future of sports. The meeting will also address league expansion and operation, new league launches, franchise ownership and deals, stadium and arena financing, raising capital and the changing face of local/regional media sports. Heavy hitters in sports business will participate in seven roundtable forums moderated by veteran sports industry analyst John Mansell. The panel line-up: -0- T November 11 -- Franchise Megadeals: Why Sports Teams are Selling for Record Prices -- Squeeze Play: The Player-League Balance of Power -- Advantage Home Team: Stadium/Arena Financing November 12 -- Sports Rights Fees: Up, Up, Up or Hiccup -- Local Connection's Three Rs: Rights, Ratings, Regional Nets -- Getting the Ball Rolling: New Leagues Take Flight -- The New Revenue Wave: Interactive Multimedia Confirmed speakers include: -- Robert Thompson, Executive Vice President, Fox Sports Net -- Mark Taffet, CFO & Sr. Vice President/Project Operations, Time Warner Sports -- Barry Frank, Sr. Corp. Vice President, IMG -- Douglas Logan, Commissioner, President & CEO, Major League Soccer -- Jim Drucker, Managing Partner, Marquee Global Sports Ventures -- Neal Pilson, President, Pilson Communications -- Marc Ganis, President & Founder, SportsCorp, Ltd. -- Anne Murray, Vice President/International TV Distribution, NFL -- Skip Prince, Vice President/Television, National Hockey League -- Mark Mariani, Executive Vice President, CBS SportsLine -- Mike Duberstein, Director/Research, NFL Players Association -- Dean Bonham, President & CEO, The Bonham Group -- Robert Hope, President, Hope-Becklam, Inc. -- Ken Haines, Sr. Executive Vice President, Raycom Sports -- Randy Fisher, General Counsel, Adelphia Cable -- Jon Mandel, Sr. Vice President/Director National Broadcasting, Grey Advertising -- Michael Dubester, President, Times Mirror InterZines -- David Reese, President, ACTV -- Mark Jacobstein, CEO, smallworld.com -- Jim Liberatore, Corp. Vice President &General Manager, Sunshine Network -- Walter Herbert, Principal & Founder, EnterSport Ventures -- Basil DeVito, Sr. VP/TV Sponsorships, National Thoroughbred Racing Association -- Jeff Wagner, Vice President/General Sales Manager, Home Team Sports -- Jack Veatch, Managing Director/Investment Banking, Bear Stearns & Co. -- Randy Campbell, Principal, Morgan Stanley, Inc. -- Jim Weinstein, Vice President/International Finance, Sumitomo Bank -- Adam Greene, Associate, Chase Manhattan Sports Group -- Jay Rosenstein, Sr. Vice President/Director Sports & Events, Cohn & Wolfe -- Sam McCleery, Vice President/Marketing & Sales, Princeton Video Image -- Rich Josephberg, President, Josephberg Grosz & Co., Inc. -- Lou Coffey, Partner, Wolff, Block, Schorr & Solis-Cohen -- Philip Hochberg, Partner, Verner, Liipfert, Bernhard, McPherson & Hand -- Meredith Kane, Partner, Paul, Weiss, Rifkind, Wharton & Garrison -- Robert Campbell, Attorney/Agent, Thelen, Reid & Priest -- Leonard Decof, Attorney, Decof & Grimm, P.C. T -0- The Kagan Group's leading-edge research, consulting and conference services have been a part of the sports business scene for more than 27 years. Kagan Media Appraisals has valued more than $30 billion of media and sports properties on contract assignment and Kagan analysts have developed business plans and strategies for leagues, teams and networks. To register or for more information on Kagan's Sports Values seminar, contact Timothy Akin at: Tel: 408/624-1536; email: seminars@kagan.com; or on the Web at pkbaseline.com

To: TokyoMex who wrote (9213)	11/7/1998 9:51:00 AM
From: Rande Is	Respond to of 119973

Joe, Thanks. Excellent advice and reminder. Congrats on success. Rande Is

To: TokyoMex who wrote (9213)	11/7/1998 11:31:00 AM
From: GT	Read Replies (1) \| Respond to of 119973

Joe- thanks again for GERN - made money in spite of datek ! Incredible!!

To: TokyoMex who wrote (9213)	11/7/1998 12:56:00 PM
From: H-Man	Read Replies (6) \| Respond to of 119973

Thoughts on Paper trading Noticed a note on paper trading a few days ago, had some thoughts that folks might find helpful. Seems like a good supplement to your post. I have been investing for about 10 years now, swing or position trading for a year and daytrading for 4 months. Before entering my first daytrade, I paper traded for 2 months, I would have waited longer (was thinking 3-4 months), but circumstances... another story. First off, I whole heartedley endorse paper trading as one of the means of learning to trade. It is an essential. But a few doses of reality if I may... When recording your entry and exit prices, be conservative about your fills, the realities are you will probably not get in on the ask or out on the bid on fast movers, like CIEN has been previously and GERN was on Friday. There are several reasons for this: - You are in line behind other traders - On fast movers, your quote is delayed. Got realtime quotes, and a cable modem ? Sorry, they are delayed out of the gate, as so many trades are happening that the trades are recorded late as well as the updates to the quotes, this is especially true at the open even if your stock is not trading wild, others are clogging the pipe line. - There are many traders professional and not, using professional platforms like MB Trading or Cybertrader. They can execute faster and get better fills than your typical discount, if you're using Datek, Webstreet, or E-trade, they will wax you on executions. - The data entry required and speed it takes to paint an HTML screen on a typical web broker can consume enough time that it can cost 1/8, easily maybe more. Sometimes this delay is enough to cause a complete miss on the trade. An exit is easier to get your price if you are selling while others are still buying, but if it starts selling, count on getting less than you expect. For while you change an order or enter a sell, even on a DATEK or Webstreet close position button, many hit a function key to close a position: Sell at market, route SOES, select net, or preference an MM, takes about 1/2 second, no HTML interface. Oh and by the way, You will get partial fills, they can really suck sometimes. I remember entering an order for 1k shares, limit, got 215. Who was the ___ ____ who..... The stock ran 5/8 - 3/4 or something, by the time I paid commission I had lost a few bucks. Too funny... Oh well. I seem to get partial fills on limit buys and sells 1 out of 6-7 times, I would say one in five of those do not fill completely. This primarily because I play a lot of disaster du jour stocks that have a fast bottom, a and will not chase them. It also happens on any fast mover or mo mo. Partials happen particularly when selling at market, it is common to get several partials at varied prices (Remember, that when you want out,,, you want out !!!), don't mess with a limit sell on something going the wrong way, you could miss altogether, then instead of 1/4 - 1/2 point loss you are looking at 2 points, oh it might come back, there is usually a bounce, but rarely does it come back as high as you could have gotten out. Then the next thing to keep in mind is that while you are paper trading, you really have nothing on the line, if you are wrong, you have lost nothing, and gained some knowledge perhaps. When you trade for real, then you have some very ugly creatures show up. The first one is adrenaline, it can be harnessed to help you just like an athlete uses it but until you experience it a few times it can be a challenge, the rush can cause you to hesitate on a trade, in or out. You have emotion to deal with now that you did not have before, you can get past it with practice, just be aware that there will be a difference in your body chemistry. This happens both in winning and loosing trades.. How did folks feel after selling GERN on Friday morning ? I was completely disfucntional. I had never made soooo much money so fast. I could barely talk. The other nasty creature that shows up is the ego, you have to lose it but again easier said than done. One of two things can happen: - A trade goes against you, your ego does not like to let you admit were wrong, so you watch as it goes even more against you. Then you want to get even... - A trade goes really well, you make a ton of money, you are pumped. You enter another trade and it goes against you, you forget your stop, your exit rules, you think it will come back... My biggest loss occurred on the day of my second biggest win (used to be biggest then there was GERN ;-))) ). I played CMGI overnight, for +3 or so,, scalped 1/2 off of some disaster du jour and shorted REXI from 23 to 17, a bunch of shares all. I had shorted something else, I forget what it was but did it too soon, it kept going up and up, I kept thinking it will come back after all, I was invincible.... Neither of these phenomena are likely to happen to you while paper trading. To repeat, paper trading is a must to begin trading. Do not make the mistake of being an investor or position trader with a day off, gonna play a quick bite mo mo. Just also be aware that when you trade for real, there are physical and mental differences. Do not think that because you have been investing for a long time you can deal with this, no problem, it won't happen to you. As an investor, a two point loss in a stock may not cause you to get out, you have time to think about an exit strategy, as a trader, you must act, without hesitation without remorse, without emotion. Here are some suggestions to recording papertrades You buy at with a limit, count - to 10 on an average mover, 20 on a wild one, then record the current ask, IF it is within your limit. If it is not, you missed, you are not playing that stock. Don't worry about it, don't chase, whether real or paper, I'm fairly sure that another opportunity will come along ;-) On a trade going your way, sell at limit into the buying, when you reached your target same count. These are the easiest fills. When a trade goes against you, sell at market, count and take the bid. It is the fastest way out, (Unless using an MBT or Cybertrader etc, then many like to preferece an MM below the bid, but thats Trading 301) Some thoughts on keeping a stop,, taking a loss... exchange2000.com

To: TokyoMex who wrote (9213)	11/7/1998 4:51:00 PM
From: freelyhovering	Respond to of 119973

Joe--Thanks for the present you gave me and others with your alert on GERN on Thurs. afternoon. I made good money on it. Myron

To: TokyoMex who wrote (9213)	11/8/1998 3:12:00 AM
From: new novice	Respond to of 119973

TM, Thanks. I appreciate the advice. I just bouight and read Volumes l and ll of Day Traders by Jake Bernstein --- much of it was focused on options and futures but i found what is relevant for me to start mastering. It's a good deal to absorb ---but I'm getting it ----pretty fast......but obviously there's more to learn and experience will become the best teacher --but u r certainly awesome.....once again, thanx ---i know i'm in the right place.

To: TokyoMex who wrote (9213)	11/8/1998 3:32:00 AM
From: Earthdog	Read Replies (1) \| Respond to of 119973

Tokyomex, Re: "A present for you,," post #9213 Just bookmarked your thread after reading the article in the WSJ about you. Excellent words of wisdom! Thanks for sharing your experiences that have led to your success. Sincerely, Earthdog