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

To: Rock who wrote (49627)	1/29/1999 5:54:00 PM
From: Mr. Big	Read Replies (1) \| Respond to of 119973

OMKT post from Yahoo investor:=) My broker called me around 3 45 today and said OMKT was getting bought out on Monday.....he told me to check the Feb 15's....just for the record i purchased 35 calls......it is after market now, so this info will do no good to anyone trying to get out or in......just wanted to say good luck to all!!!! Just hope i am on the green side of the fence......he was right about the last takeover he told me about......MCK/HBOC.....who knows-----good luck to all......for the record

To: Rock who wrote (49627)	1/29/1999 6:58:00 PM
From: QuietWon	Respond to of 119973

Rock, just to add to the post of reasons for not as much daytrading in Canada: (1) fewer people trading in general (2) fewer cycles on stocks - a statistical study would prove this hypothesis very true (3) not as much movement in stocks (4) fewer 'under-sharized' stocks (5) Cannucks daytrading US stocks vs Cdn stucks (6) on larger cap stocks, great number of shares, which typically requires volume for moves - and the aggregate of retail daytrading investors is unlikely to have a great effect on a stock (7) decimalization means the smallest unit increment is 5 cents on stocks over some (i think $2) price level - increment on US stocks typically 1/8 or 1/16 (8) commissions 'somewhat' higher typically 3cents is lowest amount each way, so it takes more than 1 increment (5 cents) to make a profitable trade - like casinos, totally rigges in favour of the brokerage co's Conclusion: momo trades much better, typically, on Cdn stocks