Quote 12 Aug: Up HK$.02; HK$1.68 (US$.2168) The HK$1.80 level
seems to provide significant resistance to an upward move in the stock. If
memory serves, HK$1.80 is the high for 1997(will research that point).
At the least, heavy selling seems to occur at or near that price
level.
Claude, we haven't heard from Ken lately. Wonder if he is still on
board?
Meanwhile, we still await the 1997 six month (Jan-Jun) earnings
results, as well as the SW word from Mr. Lucas's mountain- both
matters presumably to be settled August end. There has been, by
all accounts, a notable slow-down in Star Wars toy product sales
now that the film trilogy has cycled through the movie theatres.
Mattel's "Hercules" has apparently been a bust; sales of Hasbro-
Kenner's Jurassic Park toys disappointing. Ditto latest generation
Power Rangers and the laughable "Batman and Robin" product now
showing up on the clearance shelves.
The action figure market, in my view, appears tired and stale- just
the right environment for something fresh and different to capture
the imaginations of kids seemingly jaded by demonic aliens, Space
Rangers, repainted Batman figures, and repackaged dinosaur hunters.
Come September the fab four Turtles plus One(girl Turtle) debut
with fanfare on the Fox Kids' Network in a live action show
coninciding with an entirely new Playmates Toys' TMNT line now
shipping. Demonstrably, kids love turtles and Turtles. Will this
new TV show and feature film to follow (Turtles IV: 1997 Thanks-
giving) again capture the imaginations of legion kids not old
enough to have ridden the first wave in 1988-1991? |
