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Strategies & Market Trends : Playmates Toys Holdings, Ltd. .......Cowabunga!
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To: Robert Brunson who wrote (24)12/15/1996 11:44:00 PM
From: wooden ships   of 43
 
Robert: Certainly a case could be made for accumulation
at these levels. On Friday last, Playmates bounced off the
crucial 50 day moving average line and closed up for a
small gain at HK$2.375. This is a highly liquid stock,
and short term trading ranges are inevitable. If the US
market can hold up in the near to medium term, I think
we may look back wistfully at HK$2.35 (US$.304).

Most encouraging is the news that Tim Wills, a toy veteran,
and responsible, in good measure, for a string of successes
at Galoob, Hasbro, and Mattel has now joined the Playmates
team. Your emerging diamond metaphor seems quite apropos.

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