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

To: Trader J who wrote (17905)	11/28/1998 12:33:00 AM
From: Panita	Read Replies (1) \| Respond to of 119973

Just watched CNN's Moneyline debate with Bill Fleckenstein of Fleckentein Capital and Howard Ward of Gabelli. I was cracking up. Bill Fleckestein, the perennial short, has a little more white hair since I last saw him on CNBC a few weeks back debating the short side against Joe Batapaglia of Gruntal. ;-). Bill may end up in the same ranks of the likes Metz of Oppenheimmer, and that lonely bear lady on PBS's Wall Street Week. IMHO Howard the other CNN guest is crying because big funds are going to lose money as individuals start trading stocks instead of plugging big chunks of cash (like blind sheep) in high expense mutual funds. Today's world is very different from what we had just five years ago. Thanks to the internet and computers, small investor have economical tools that were only available to the big guys - Level II, timely access to press releases and general company information. Five years ago we had to read it the following day in the WSJ and that if we were lucky because there is only a small available space in the WSJ vs. the unlimited space of the internet. Small investors can now play stock with small floats - we buy/sell relatively small blocks; something that a mutual fund can't do because a few hundred or thousand shares don't make a dent in the million of millions of $$$ in their fund. Of course we also have Joe Kernan and the rest of the CNBC gang to remind us of stocks that we haven't notice are in play. It may not last forever but BOY! we are just playing the first of 11 innings. And yes I consider myself lucky to be in the crest of a rising wave. Happy Investing

To: Trader J who wrote (17905)	11/28/1998 12:53:00 AM
From: myturn	Respond to of 119973

WKWG will be the next yahoo. WKWG is a Search Engine that has been public for a short period of time. Very few investors are even aware of WKWG. There are numerous internet companies that were trading around $ 2.00 range only a couple of weeks ago and a few of them this past week traded as high as $40 range. These companies are getting major exposure by the like's of CNBC, Bloomberg, etc. In the near term, I don't see the investor wanting to put his/her money anywhere else. WKWG's true potential, like any other company, in the long run will be based on strong management and a strong balance sheet, but in the meantime, the investor has a great opportunity to take advantage and get in on the ground floor of a market that sees no signs of interest waning from the excitement in the internet stocks.