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

To: JC Money - President of a Loca who wrote (36905)	12/30/1998 7:12:00 PM
From: Ginko	Read Replies (3) \| Respond to of 119973

Any Y2K recommendations??

To: JC Money - President of a Loca who wrote (36905)	12/30/1998 7:13:00 PM
From: sam	Read Replies (2) \| Respond to of 119973

I think the chances for a crash tomorrow are slim. For the last few years, market selloffs were motivated by serious foreign problems (Asia) or inflation worries. Unless, we hear overnight that there's been a coup in Japan...or that the Fed is planning on RAISING interest rates by a full basis point at the next meeting, I think we're safe. Plus, a large amount of Wall Street players just aren't around. So the volume will be light. Can't have a crash without lots of volume. FWIW, I think we'll see selling through the day -- and it will get worse as the day comes to a close. That said, it'll be a whole new ballgame if the market gaps DOWN Monday morning. Then, I think we have a 50/50 chance for either a rally or a correction. Despite all the talk of tax selling, for better or worse, there's a heck of a lot of cash ready to go to work next year. Just wish I knew where it was gonna go!

To: JC Money - President of a Loca who wrote (36905)	12/30/1998 7:29:00 PM
From: JEB	Read Replies (7) \| Respond to of 119973

They are making a mistake (CNBC) trying to drive down the internets like they are doing. If the internet rally dies, then they have shot the goose that laid the golden egg. It is my opinion that the internet sector has saved this market from a general sell off. I mean the listed stocks also! The listed stocks (NYSE and AMEX) have been selling off but not as drastically as it would have if all of us day traders decided to short the market because there is nothing appealing to go long on. You see, we are the new breed. We are the wild card, the loose cannon. They are trying to devise ways to control us but it is not working (i.e.-Limiting margin to some stocks). The brokerages, funds, Market Makers have had control over the system and they have made vast fortunes but they have also helped keep it from getting out of control. We are the new dilemma. They are not sure what to do about us. Joe (TM) recognized the untapped power of a group (SA) getting together and acting as a Market Maker. Power in numbers! We all need to learn as much as possible if we are to act professionally and as one. We need to read, study Level II action, and study chart patterns and the technical indicators. If you do not have a book on trading and TA, Get one! (This last sentence was for all of SA, not directed to you JC) Good trading, JEB