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Non-Tech : KIDE a good play to capitalize on Pokemon craze
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To: Lucky888 who wrote (926)12/3/1999 4:27:00 PM
From: Jose Matos  Read Replies (1) of 1239
 
Lucky, I wouldn't necessarily equate the two as sign of KIDE have hopped on Trigger and headed off to the sunset. Actually it makes perfect sense and is consistent with previous trends. That is, days when the tech sector and Nasdaq are on a tear are usually the days that KIDE goes down.
This is just a guess, but I'd assume it's because many daytraders find it easier to pile into some internet stock that assures them of easier money than holding it in KIDE.
The reverse though is often true, that when the Nasdaq tanks, KIDE usually holds up well or rises. We'll see when this trend ultimately ends. Personally I don't think it's done yet.
And considering the massive strength of the Nasdaq the last 2 days, I'd expect an equally weak day for the Naz any day now, and if I'm correct, I'd expect KIDE to have a strong day then, possibly crossing $60 and beginning another uptrend next week.
Obviously I may be off on the timing. No one is ever perfect, but I do think some better days lay ahead for Pikachu.

Regards.
Jose.

PS. I have no qualms with your short position as I have also been short in the past on KIDE, but I wouldn't want to be short 2 weeks before christmas. The hype and potential will soon return. Currently Long and nibbling on weakness.
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