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Microcap & Penny Stocks : ALFN - Toy Store On The Internet

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To: ciVic who wrote (430)2/19/1999 2:33:00 AM
From: glacierpsa10  Read Replies (1) of 2136
 
Hope this info helps.
Spoke to CEO Mike Porter this week, twice.
confirmed only 2 million shares in float, Mike owns the rest with no intent on selling anytime soon
-extremely successful Toy Fair in New york ended last friday for him. Very successful product launches and good orders received, he believes some of those customers may be so enthusiastic they may be buying as well.
-March 1st is real hard live date for web site to go online. No delays, and press release to be issued prior to going live
-Analysis: This will run up until press release hits about going live online. Once that hits, suggested sell is probably end of that day prior to close for 50% or more. The float and fact noone is selling is key here, as is rumoured large short position. Am looking for $4-$5 quickly , perhaps $6-7 in 3 trading days.
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