Note to self: ETOY - NTOY is in your face. Ha ha :)
Just as I had hoped. Rebound from over sold position + bullish candles - came onboard late Friday.
Up 28% on record volume today (101,800) - well highest since it started trading 6 days ago.
The 4 page NTOY fax also arrived today from the PR firm - good read.
Fortune Marketing & Capital Consultants, Inc: 407-696-2221, Fax 696-2353, E-mail: ir@fortunemarketing.com.
From the Information fax:
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Management team:
Michael Cao - Chairman (5 years experience, formerly Chairman of Inet)
David Kleinman - Operations (4 years experience, formerly VP Operations, Alliance Precision Plastics)
Charlotte Giel - National Buyer (25 years experience as buyer)
Kristin Youngstrom - Public Relations (4 years experience, formerly Director of Marketing, Inovel USA)
Cedric Viquerat - VP Marketing (3 years experience, formerly Managing Director, Inovel USA)
Company contacts:
Michael Cao -> 727-363-8697 [ mcao@netoy.com ]
Michael L. Maus -> 727-367-8697 [ mmaus@netoy.com ]
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Not in as early as some - just wanted to see how it went for a few days last week - trying to be sensible here (for me).
Watched the MM's play the Bid/Ask a few times today - they tried hard to get the volume running. A number of times I saw trades go through at the Ask, then 'boom' right down to the Bid on a $0.50+ spread. Volume was good (for NTOY) when I was looking, but I guess the MM's wanted more. I very much suspect they let trades go through at the Bid hoping to generate downward momentum - and flipped flopped between the Bid/Ask for executions, but the volume momentum didn't start to cascade that may have lead to downside selling pressure - and more volume. Each time I saw them playing that game I waited 10-20 minutes - and as expected the trades started to go thriough at the Ask again - not always, but often enough.
I can sense some real strength building here.
It's great to get News EVERY day - I love that :)
I wonder what we'll be reading tomorrow?
David.
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