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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (14531)	8/25/1999 4:45:00 PM
From: Tassi	Respond to of 108040

TMAX...will be DBL very soon.. Grand Toys shares double on Pokemon craze -------------------------------------------------------------------------------- Kristin Roberts NEW YORK, Aug 25 (Reuters) - Shares of Canada's Grand Toys International Inc. GRIN.O doubled on Wednesday, continuing a three-day rally, to hit a new year-high after announcing it has a license to make Japanese-born Pokemon products. Grand Toys hit $30.254 midday, up $14.94 on the day making it one of Nasdaq's most active issues. The stock retreated to $22.875 in late afternoon trade, still well above Friday's closing price of $7. Company officials in Montreal did not return calls for comment on the stock activity. Industry analysts and trade publications said the Montreal-based toy distributor got a license to make and sell Pokemon products in Canada. Pokemon are cartoon animal characters featured in a television series, as well as in videos and games. "Pokemon today is having a magic effect," David Leibowitz, an analyst with Burnham Securities, said. "The Pokemon phenomenon is clearly capturing the hearts and minds of investors, and Grand Toy is the big winner of the day." Other toy companies also saw their stock prices climb Wednesday including The Topps Co. TOPP.O, up $1.19 to a new high of $11.81, and Toymax International Inc. TMAX.O, up $3.19 to a new high of $13.75. "Many of the companies involved with Pokemon are of smaller market cap so that any concentration of buying has a disproportionate effect on share prices," Leibowitz said. Individual traders talked up Grand Toys stock in chat rooms, saying they expect Grand Toys to triple its share price and hit 35 by Thursday. Some in the chat rooms said they planned to start selling the stock, believing Grand Toys has run as high as possible. Leibowitz said he could not estimate a fair value for the stock. REUTERS Rtr 16:09 08-25-99 Copyright 1999, Reuters News Service