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Non-Tech : KIDE a good play to capitalize on Pokemon craze -- Ignore unavailable to you. Want to Upgrade?


To: Mark B. Stutman who wrote (661)11/1/1999 10:46:00 PM
From: Nelson Chang  Read Replies (1) | Respond to of 1239
 
Yes, the stock is up 150% in the past 5 weeks, but that time frame isn't what we are looking at. Last short interest was reported Oct 15. Since then the stock has gone from $60 to $79 (about 30%) with a high of $79.

There is no science to it, and no hard data. I can only tell you from my experience, such movement isn't indicative of a significant change in the short interest. In fact, if I didn't know anything about Pokemon, I would short KIDE myself at these levels. So shorts still abound in KIDE.

I can tell you this, stocks with significant short interests like this almost always top out. Meaning, someday we will see a HUGE reversal for KIDE. But I don't foresee that happening anytime soon, barring a disastrous earnings report. And what do you think the chances of that are?

And, yes, volume has increased along w/ volatility. From watching this stock intraday, all day, people appear to be getting antsy. Changing positions, although its hard to tell exactly in what way.

I would have loved to have added at $67 today, but I had to settle for $71-$72 given I woke up 20 min late.

That's all. This stuff takes alot of experience, and it's difficult to summarize it in such a short time. But I hope it helps.

>>>With respect, stock price is up nearly %150 since 5 weeks ago. Trading volumes and price rise in the past two weeks seemed to indicate a short squeeze, which appeared to be abated by Thursday. I would appreciate more discussion about your assumption that there is still a sizeable short interest on the table, as I am inexperienced in this area.<<<