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

To: changedmyname who wrote (69837)	4/19/1999 6:56:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 119973

Sorry. So we agree, this afternoon was panic selling. The question is, now what? Using October 8th and history as our guide, examine what happened after that date. We were all stunned. I got margined out. I was visiting a Wall Street big wig friend of mine at the time. He and his friends were all stunned, but at the same time they all started talkin about "Now is the time to buy". Now me, I was broke so all I could do was take tax losses and switch stocks, but look what happened to almost any tech stock after that. Within one week, most had a 10-30% retracement Within three weeks, most had a 20-50% retracement Within six weeks, they were all flying again, some doubling since October 8th. Am I bullish? Not really, just realistic. Greed got the better of us who have been buying recently and not hedging. Now let's not let fear get the best of us and dump now. It may take weeks (an eternity to day traders) but this tech market will recover, maybe even fully. So pick carefully now. Switch into the best possible leaders and story stocks and be a little patient. I got hurt as much as anyone today but it's over. We got hit by an avalanche. Now we have to climb back up and not give up. - Condolances to all in net stocks. Our day will come again soon.