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Non-Tech : KIDE- Low Float, Nice Financials ?? -- Ignore unavailable to you. Want to Upgrade?


To: Bo Didley who wrote (92)11/26/1998 1:49:00 AM
From: Eric Fader  Read Replies (2) | Respond to of 227
 
Whole lot of posts on Weds., but no follow-up on the stuff in my previous post, so I'll do it myself . Remember I said I saw the footprints of an institution looking for stock on Tuesday? There's no doubt about it based on Weds. trading, with a number of 4-5,000 share (and smaller) blocks zipping by in a drastic change from the last 2 weeks' trading pattern. Also some unusual bid-ask maneuvers. IMO (actually it's pretty obvious) at least one large buyer, and maybe more, just threw in the towel on their "keep trying patiently to accumulate in the low 10s" strategy that wasn't shaking out too much stock, and just gobbled up everything up to the 12 area, let it pull back to the mid-11s, and then chewed up everything between there and the 12s.

My kids report having seen FIVE different commercials this week for Pokemon paraphernalia, including Pokemon Pikachu, the Game Boys, and more than one Hasbro spot showing many of the little figures and balls. Starting on Friday, when the masses go out to shop, and when the 6:00 and 11:00 PM news broadcasts show people leaving toy stores with huge piles of holiday gifts, the word "Pokemon" will be heard for the first time by many potential investors. The vast majority of retail investors, however, are still weeks away from figuring it out, and by that time the stock will be in the mid-20s at least.

Then we can start talking about Zelda merchandise!

One more thing -- having seen 20 or more of the cartoon shows, I can tell you that they're Masterpiece Theater compared to the Power Rangers shows (if a bit below the Ninja Turtles cartoons in cleverness). The plots are easy to follow, there's nothing too scary for small kids, Pikachu is always adorable (remember what I said: it'll be as popular as Barney for every 5-9-year-old in the country), and it is mildly funny in spots. As far as intelligence level is concerned, my 9-year-old reads high school level books, but he's as transfixed by the cartoon as my (also very intelligent) 6-year-old. I always thought that Peter Lynch "buy what you know" crap was a bit much, but in this case I CAN SEE FOR MYSELF what a blockbuster KIDE is sitting on.