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: smarts who wrote (41)	3/25/1999 10:26:00 PM
From: David in Ontario	Read Replies (1) of 113

Another interesting day Volume off today, but still OK. Very small spread between the High and Low - just $0.50. However, the float is small - just 1.5 M so volume isn't going to be 'high' on any given trading day. IMO no-one should buy any stock going by what appears in a newspaper ad. Potential investors need time to check out the fundamentals. However, it will bring more attention to the stock and buying momentum over the next few days. The Wall St Journal ad is very well timed for next Mondat - the day of the (alpha) web site launch. Furthermore, with Abby Cohen et al. giving the 'thumbs up' to the internet sector this bodes very well for NTOY going forward. Today the attention was focused on the NASDAQ 'net stocks not the BB 'nets. I really don't think NTOY will see any real appreciable sustainable upside movement until it starts reporting, files a 10K et al., comes under analyst coverage and moves to the NASDAQ. All this will take a few months. The stock is still so new that it needs more time to prove itself. Thus far it has done very well - closing at $10+ every day except its first. Should Michael Cao + team execute their business plan then there's every possibility that NTOY will see very appreciable gains over the next 12 months. Thus far they have done very well. On a macro level it looks good IMO. The Dow is up and down mainly because just a few stocks are driving it - the move from 9k to 10k was based primarily on just 4 of the Dow 30 - lead by IBM. The broader market is catching up, the broader averages are moving up, so IMO the bull run will continue for the foreseeable future. David.

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