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

To: kendall harmon who wrote (17989)	11/28/1998 12:12:00 PM
From: AV8R	Read Replies (1) \| Respond to of 119973

Good post. Got stopped out of BAMM @ $13.5. Still crying. JH

To: kendall harmon who wrote (17989)	11/28/1998 12:22:00 PM
From: S.C. Barnard	Respond to of 119973

Right- I almost NEVER use stop losses. By the same token, do you know if they'll drop a bid when they see your sell limit order above the actual bid, to try to make you sell? This would make "cents" to them.

To: kendall harmon who wrote (17989)	11/28/1998 1:08:00 PM
From: TWICK	Respond to of 119973

kendall, the last 20 minutes of trading for OMKT, CDNW, and NTKI seemed like good examples of taking out the stops. I watched OMKT go from 25 to 20 in a matter of minutes. 20 seemed to be where the lowest stops were set, because the price rapidly moved to 20 3/4 right before the close once the buying frenzy resumed. For those who sold at or near 25 where greeted with a 20% discount, which personally pleased me <ggg> TWICK

To: kendall harmon who wrote (17989)	11/28/1998 1:38:00 PM
From: J. C. Dithers	Respond to of 119973

Kendall- Stop loss "trickery" -- thanks Much gratitude for such a knowledgeable and thoughtful reply to my "stop loss" question! I more or less knew how these games are played, but last week was my first experience of getting bitten by one of the MM sharks circling for shares on a frenetic market day. This truly is a pro/am tournament where the pros have a huge advantage! Costly lesson. However, us amateurs overall did more than ok last week. (Bowdoin is still a beautiful campus!)