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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 (27114)12/13/1998 2:20:00 AM
From: Mr. E2u  Respond to of 119973
 
Some of you may want to keep an eye on BNYN this week because of the Infospace IPO this monday that will bring attention to the fact that BNYN owns 85% of switchboard**(see below) that will go public perhaps as early as next month.

Here's some more info (let me know what you think):

BNYN is looking good from a TA perspective. The daily stochastics crossed over and are moving up; RSI is turning upward; the upward trend is still intact with a bounce off the 20 dma and a higher low and higher high this week all on above average volume.........This stock is in a healthy uptrend and we closed at the high of the day on Friday with 65,000 shares bought after the market (at ask or higher).
Also we only had one down day out of the last 6 trading days and that day was when the loss(?) of AOL was all factored into the stock. BTW someone on the yahoo board called investor relations and they said the company will save 15 million from not renewing the contract with AOL.

Things look promising for next week. We should break through resistance and after that move towards a new high in the short term........given decent market conditions and a warm welcome for the infospace ipo.

**Switchboard (www.switchboard.com) is the leading white and yellow pages directory on the Web according to Media Matrix, the foremost Internet traffic monitoring service. Offering comprehensive information, unmatched speed and innovative features, Switchboard is the on-line directory selected by Alta Vista, Bell Atlantic and GeoCities.