I was thinking if CYSP allied with Merrill Lynch, would Merill Lynch initiate coverage on it?
Not sure, but looking for it each day.
Up 11% again.
Needs to take a breather or flat line for a couple of days.
Behaving like Mar99 when it ran to $17+ before dumping.
Website ease of use is encouraging.
Sparse choices, but good ones.
Curious if Pokemon is the big seller.
Be curious who is buying it now.
Mostly short term traders, I bet.
Shorts will be all over this when it breaks $10.
Wilds swings then.
Short term downside probably $8.
The October earnings (old news) showed that net sales of $2,788,000 for the third quarter of 1999,
were up 458% from $500,000 in the third quarter of 1998 and up 35% from $2,067,000 in the second quarter of 1999.
Gross margins for the quarter improved to 34% of net sales from 30% in the second quarter of 1999.
This was suppose to be a down quarter.
Usually in e-tailing, this Christmas quarter accounts for 40% of sales rev.
35% jump really sticks out.
Did any e-tailer in business over a year have this jump in sales?
What can next quarter bring?
50% over previous quarter?
Not too far fetch when you think about it.
Look at this stock's last year pricing at this time when it had no alliances.
Date Open High Low Close Volume
11/10/98 7.250 9.500 7.250 9.062 632,100
11/11/98 10.375 13.125 10.312 11.875 1,788,700
11/12/98 14.250 15.000 13.000 13.375 3,668,500
11/13/98 13.500 13.625 11.125 11.562 1,112,600
11/16/98 12.250 12.750 10.250 10.562 540,200
11/17/98 9.875 10.750 8.500 10.000 714,900
11/18/98 9.750 10.125 8.625 9.750 473,300
11/19/98 10.000 11.375 9.937 10.687 698,600
11/20/98 11.812 12.000 10.625 11.062 413,200
11/23/98 11.562 13.562 11.000 13.562 858,400
11/24/98 13.562 17.687 12.375 15.812 2,753,500
11/25/98 18.000 20.000 16.625 18.625 2,188,500
11/27/98 19.937 28.000 19.750 27.625 1,596,700
11/30/98 30.000 30.000 15.250 18.500 4,815,900
12/01/98 17.000 21.312 16.000 20.000 1,375,900
12/02/98 20.500 27.000 19.625 20.500 2,759,700
Eerie how it closed at the $9 level a year ago to this date.
I'll fall off the chair if closes at $11 tomorrow.
Notice the relationship with volume and price.
Peak was the Monday after the Thanksgiving holiday.
Tuck that away in your memory file.
Jack |
