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

To: Ron who wrote (72115)	4/28/1999 11:14:00 PM
From: Rande Is	Respond to of 119973

Ron, the news on MEDJ is encouraging and certainly positive. . . But I didn't buy MEDJ just because of news. And they might not have two nickles to rub together right now, having waited for FDA for so long, but that doesn't bother me. And they may or may not become the leading supplier of insulin injectors to the world. And that barely concerns me. And there may even be some short-sellers that think they can hold MEDJ back, tho I can't imagine where they will find a consistent supply of shares to borrow. Nope. . . . KTEL did not race to the moon because of their great music. HA. . .it was their 500k float being played by daytraders that sent it there. SIEB did not fly from single digits to 70 in two days because of Muriel's wonderful business plan. . . it was their 600k float. And MEDJ did not rise nearly 400 percent already because of their business model, or earnings, . .and tomorrow's spikes into double digits won't even be because of the good FDA news that is being disseminated this evening. . . or even the HOPE of future earnings. It will be the 320,000 share float. Today it traded 3 times its float in the last hour of the day when news was released. Tomorrow, it will have all day long to build up buys. . . .I was buying all I could up until the last second of the day. . . .mostly due to the float. . .because I have seen what these tiny float stocks can do when 320,000 shares are sold and another 300,000 are borrowed and nobody wants to sell their shares and everybody wants to buy them. So again, the news is fine. . . but MEDJ has nearly half the float of SIEB or KTEL. . . so I expect it to make some serious gains over Thursday, Friday and Monday. And an interesting thing about SIEB has been the way it has stayed up over 28 so consistently, since leaving single digits several months ago. No guarantees with MEDJ. But with the attention this little stock will garner from daytraders, I don't think it will be returning to a buck any time soon. Rande Is