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

To: TokyoMex who wrote (58913)	2/28/1999 6:45:00 AM
From: profit_guy	Read Replies (1) \| Respond to of 119973

Mr. Mex, FYI... hamquist.com A good week coming up for the nets? What say you?

To: TokyoMex who wrote (58913)	2/28/1999 10:57:00 AM
From: j g cordes	Respond to of 119973

oh that dirty word! Fundamentally.. Banks and gold haven't acted in support of an inflation worry selloff yet (nor has that relationship failed). My opinion is that greater opportunity for profit sometimes exits in the market which runs contrary to historical conditions. We have that condition now. Bonds have had free air above them on the chart so it wasn't a surprize that there was a run to 5.65.. indeed there's clear air up to 5.9ish where old congestion establishes a trading resistance. Stocks are overvalued from most any long term measure. One opportunity triggers the other opportunity.. each as I said at the beginning, doesn't have to have a rational basis.. just the opportunity to make money will of itself drive trading. money supply is the key to understanding what's changed for this moment in time... it creates a number of potential conditions that can materialize in markets very quickly. Excess money in the system has been put there to support overseas markets (asia, russia,latin america) with liquidity and most recently with the need to have liquidity for y2k. Even if nothing happens in overseas markets or y2k, the excess money supply allows for greater volatility in the whole system of inter-related asset classes. Its hot grease! It allows emotional trading to accelerate more quickly, it allows leverage to capitalize itself more easily. These are the conditions we are in... the stage is different, its more slippery and more available to impacts of news and traders running the market in either direction. Efficient markets function to wring out excess.. that's an important concept to keep in mind going forward. With liquidity up, the market will twist and turn to trade excess out of the system. We can capitalize on this. Jim