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


To: Jimbo who wrote (16237)11/25/1998 8:34:00 AM
From: crimson  Read Replies (1) | Respond to of 119973
 
NM - I have no clue...My guess, and that is all it is, is that NM will gap in the morning and open around $13 and move to $15...Profit Taking will kick in (very quickly) and the price will drop back to $13 or $14...Then, it will probably move back up and could make it all the way to $20...But, that is just a guess.

The positive for NM is that it is just now starting to be noticed. People are starting to see a new internet site similar to other internet stocks but at a much cheaper price. They figure they can get on the train and ride this to $30-$40 or something.

I think almost every major internet stock dropped 10-25% from its Day High yesterday, while NM came back to close with 1-2% of its Day High (It probably would have passed its Day High if the market would have closed 2 minutes later)...

Good Luck!