NTOY - over 100 Billion Dollor industry Message Board

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Technology Stocks : NTOY - over 100 Billion Dollor industry

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To: james noble who wrote (23)	3/23/1999 7:01:00 PM
From: David in Ontario	Read Replies (2) of 113

Down day for the market - NTOY passes test IMO When every one of the Dow 30 are in the red today and the NASDAQ down big as well, it's not surprising that NTOY is also down. IMO folks sold today because of nerves over the Dow/NASDAQ slide and worries over big cap earnings and Yugoslavia. NTOY is so new that there's no historical record to fall back upon and folks are more nervous holding it today. However, I really liked NTOY today. IMO it showed strength on a record volume day - with volume up 10% over yesterday - its 2nd highest volume day. It's not a question of what folks are selling - it's what they're buying and at what level that demonstrates an interest in the stock. Todays record volume all at $13.50+ to me shows a lot of strong and increasing interest in the stock. Today would have been a lot more of a worry if it had slid back to say less than $10 on 25,000 shares. This would demonstrate that interest was waning at these levels and that the stock was likely to fall further. If this had happened I suspect that selling would have accelerated and volume most likely would have increased sharply as the stock price continued to decline. Investors are always looking to make money in the markets and many moved over to the sidelines today. However - given what lies ahead for NTOY over the next week or two - it will be one of the few to shine out in a sea of lesser candidates. Look at the action in AWEB today. Yes, it's an IPO, but 21M shares traded and it finished up 185%. NTOY's launch of its web site is next Monday and it will be well publicized. I suspect that the stock will easily get above $20 and could go a lot higher on a spike. That's just my take, David.

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