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

To: Donna Carey who wrote (44166)	1/17/1999 8:36:00 AM
From: alruss	Respond to of 119973

RE: Limited auto execution The more I watch Level 2 and time and sales go by, the more abuses I see. Hugh spreads, bad executions, 100 share lots, Loads of 1 sided trades, such as MM's buying in false morning dips and not selling. It happened to me even with LU on the limit down morning last week. Of course, market orders, as we all should know, are just stolen. Stops are useless anymore, because after the first 1-200 shares, they become market orders. Brokers such as MASH (Schwab) never come near the bid or the Ask, yet execute all day long, literally printing money. The more I see, the more I see why NITE, SCH, & EGRP are now trading at all time highs. The people in the know can see these profits dropping to the bottom line.

To: Donna Carey who wrote (44166)	1/17/1999 9:08:00 AM
From: TokyoMex	Read Replies (7) \| Respond to of 119973

Yes,, heard from a market maker on Friday ,, as I sent the ems out,, No more margins what so ever on internet stocks ,, either long or short,, None ,, what so ever ,, by all MMs ,, expect a major drop as margin calls will be made,, I believe this orchestrated by the Feds to burst the IEI and MMs who have shorted the nets,, on last madness run up ,,

To: Donna Carey who wrote (44166)	1/17/1999 9:09:00 AM
From: TokyoMex	Read Replies (2) \| Respond to of 119973

INSIDE WALL STREET Will Web Biggies Spy Spiegel? Although it has been an Internet player for more than three years, Spiegel (SPGLA) (SPGLA), a retailer of clothes and home furnishings, was discovered by certain cyber-investors only in December. Its class-A stock jumped from 3 1/2 in early December to 7 3/16 on Jan. 13. And Spiegel still has a ways to climb, says a strategist for one New York investment bank. The stock could double again. Such a runup is based not only on improving fundamentals, he says. Spiegel is also whispered to be a takeover target: It could be worth 20, according to this pro. ''If a large Internet marketer needs to increase distribution rapidly, Spiegel could make an excellent acquisition,'' says one California investment manager. Spiegel also owns a bank that issues credit cards--another plus, he adds. With the sky-high price of many Net stocks, he points out, Spiegel could be a cheap buy for an outfit such as Amazon.com (AMZN). While Net sales account for a modest percentage of the total, such sales tripled during the recent holiday season. Investment manager Mark Boyar believes Internet sales could hit $300 million, or 10% of the total, in a year. Spiegel posted total sales of $2.6 billion for the year ended Jan. 2, 1999. The company, however, remains in the red. Spiegel markets its products through mail-order catalogs, four Web sites, and more than 550 retail stores. Spiegel Catalog and its Eddie Bauer unit also offer merchandise on America Online's (AOL) shopping channel. BY GENE G. MARCIAL businessweek.com

To: Donna Carey who wrote (44166)	1/17/1999 11:20:00 AM
From: Tracy Moore	Read Replies (1) \| Respond to of 119973

You witnessed the MM's switching to a manual trading system last Wednesday... with VOLATILE results... To: Clidec (2911 ) From: Tracy Moore Tuesday, Jan 12 1999 10:33AM ET Reply # of 3354 ALERT: The MAIN REASON stocks are real volatile and a huge BUYING OP for the internets- there is a problem with the NASDAQ electronic trading system, and many trades are going through manually... if you're trading today, better put LIMITS IN! NASDAQ stocks are all over the place!