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

To: Rock_nj who wrote (56807)	2/18/1999 8:22:00 PM
From: Tibor	Read Replies (1) \| Respond to of 119973

Flashnet IPO (FLAS) is scheduled for the week beginning 8 March. PWCC is the backdoor to FLAS, it currently owns an 11% stake (amongst other holdings). PWCC has come down to the 15s from its recent high of 23 7/8. Because of its float of only 600,000 shares it is bound to be a play in the next two weeks. There is a "long squeeze" going on but you may want to enter at this level since the downside risk is small and when it turns it will be very fast. There is a lot more info on the PWCC thread.