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

To: whyretire who wrote (27972)	12/14/1998 4:47:00 PM
From: TokyoMex	Read Replies (4) \| Respond to of 119973

Strong ,, as is ,, Now ,, I am surprised about PSFT ,, dropping on MSFT news ,, CMGI broke 67 ,, and went to 65 briefly ,, SEEK hit 40 .. XCIT was not so exciting ,, ATHM ,, came down ,, From AXP to S is a short for now .. Bonds and gold will save your butt ,,

To: whyretire who wrote (27972)	12/14/1998 4:57:00 PM
From: Baker Street	Respond to of 119973

Cramer will not be on Squawk tomorrow due to the WavePhore controversy. Having sold prior to closing the day before, I was not long nor short the stock when he made the negative comments the following morning. So I have NO real beef against Cramer for his comments and I generally like him. But now, I think he is lying to cover his ass. Do you guys agree? Read the following: Today, Cramer claims: You will not see me on CNBC's "Squawk Box" on Wednesday, pending a review of the WavePhore (WAVO:Nasdaq) controversy. In my zeal to demonstrate how a short squeeze works, I made it a point on the morning of the show to find out if WAVO shares could be borrowed. I had no intention of shorting WAVO; I just wanted to demonstrate that it could not be borrowed and was therefore subject to a short squeeze that could explain some of the stock's behavior of late. I had my firm check to see if it could be borrowed so I could be a more effective co-host, as I never intended to trade the stock. I was just doing my job as a communicator of what is going on out there. The controversy is being reviewed by CNBC. Until the review is finished, you should not expect me on "Squawk" again. YET right after the "WAVO morning", Cramer said: Last week, before I went on CNBC, I was given a set of documents about a company called WavePhore (WAVO:Nasdaq). I read through them and did not see anything that would have led me to believe that this stock should have gone from 5 to 15 in the last month. So, I asked my trader to find out if WavePhore could be "borrowed," and whether 25,000 shares were available. Before you short a stock, you must see if it can be borrowed because you are selling that borrowed stock. (If you owned it, you would have a long, not a short sale.) My trader called me back a moment later to tell me that WavePhore could not be shorted because it could not be borrowed. In other words, Goldman Sachs would not allow me to short the stock, because after I sold it, Goldman would not be able to send out any shares from its vault to complete the trade. SEEMS TO ME THAT HE TRIED TO SHORT BUT COULDN'T. NOW HE CLAIMS HE NEVER INTENDED TO IN THE FIRST PLACE. I THINK HE'S LYING. OPINIONS?