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

To: BarbaraT who wrote (17882)	11/28/1998 8:04:00 AM
From: Rande Is	Respond to of 119973

When I presented BAMM to this thread last Monday morning, I suggested that this "waking sleeper" had the potential of soaring to extreme heights from where it was at the time [4 and change]. Well it has. But as Joe says, "Pigs get fat...hogs get slaughtered." If you have not taken profits, I suggest considering doing so. Monday morn will probably gap up, but look at the chart and listen to the buzz. If ever there was a stock that wanted to be shorted from it's new heights, it was BAMM. Not to say it does not deserve to be where it is, but this is the sort of stock that short sellers dream about their whole life. So be careful that shorts and MMs do not steal your profits. Smart traders have sold half their BAMM in the mid 30's and left some cash on the table. That is 600 to 700 percent profit from the levels where they bought [buy low]. The remainder of shares are VERY free to gamble on dizzying heights. You could sell the remainder at 70 or 80 if the feeding frenzy is ALLOWED to continue. But just as easily, you could be scrambling to dump it in the teens as the floor is yanked out, due to well timed derrogatory news [real, rumored or totally fabricated]. Again, I wish for all BAMM holders to make lots of dough and hope that BAMM blows AMZN's virtual doors off. They are still my favorite book seller and IMO have a bright future. But if you hold, stay alert. This is not the sort of stock where you check on progress once a day after work. If that is the case, I would set limit sells like land mines. 50 percent of holdings to assure profits, then limit sells at increasingly higher levels of 20 percent, 15 percent, 10 percent and last 5 percent at highest target level. When that last trade executes, you will first regret leaving some money on the table [should the rise continue], but will feel relieved should it suddenly crash back to the teens [hope not]. Rande Is PS>Guess I was right about SS Barneys feeble attempt at shaking lose some cheap shares of BAMM from individual internet investors [us]. Great job in not flinching while under fire. That shows the strong character and confidence of the traders in bedrooms and dens across the country.