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Technology Stocks : NTOY - over 100 Billion Dollor industry -- Ignore unavailable to you. Want to Upgrade?


To: james noble who wrote (27)3/24/1999 1:25:00 PM
From: David in Ontario  Read Replies (1) | Respond to of 113
 
Hi Jim - drat, wish I had some spare $$. Two new MM's.

I invest on the fundamentals and potential - which NTOY has in spades. The thing I'm looking at today is for the stock to stay somewhere in this range - if so it'll be OK IMO. I don't think we'll see a big price drop and volume cascading - which would be a concern. Just small lots being traded thus far today with everyone else holding going into the web launch and media blitz next week.

This could be the last day or so for shorts to cover - akin to which AZ referred to last week:

ragingbull.com

"Its prime just like ebay was when it went public and everyone said ahh, another internet stock .. look at the 6 month chart on ebay.. it dipped too.. this is being shorted.. but the company is doing the right stuff.. they needed to start at 5 they had a 10 for 1 reverse split.. which will help earnings and the dilution factor in the long term.. funny thing though is that they are building momentum.. today is new high in volume and this is on buy orders.. so whoever is keeping the price down should be careful in 2 weeks.. notice how the selling is all on very low volume though.."

ragingbull.com

"OK close, but you can tell the shorts are tugging on this one... The showdown = if volume stays good the stock will move higher if volume is low.. the market makers will try to sell it.. my honest opinion = way too much news coming next week and the weeks after to keep this one shorted for long.. remember when the shorts decide to exit they will rise the price dramatically.. hell they set the bid ask anyway so you can imagine how high it could go..."

ragingbull.com

"Good deal.. exactly right on your thoughts of BANH, it was the quicest simplest way of going public without doing an IPO. Many companies do this today, taking over a shell company and bringing in its new team. Problem= most companies are junk and have no real gameplan yet.. Ntoy has been a working idea for about a year. They wanted to have a base of trading and volume plus a following before e-toys goes public. This company is moving very fast and they are going to be known when e-toys has its day in the sun in mid April. Soon we will see it become a fully reporting company and NASDAQ listed. That is when institutions will be able to make recomendations on it. They are beginning to follow it now so when these issues are taken care of look for more volume and analyst coverage."

AZ is a pro in the investment field - not stocks directly now - but he has good experience here so I listen to what he has to say.

So what lies over the next 10 days for NTOY? The three day broadcast fax blitz starts tomorrow, the (alpha) NTOY web site opens next Monday:

netoy.com

There'll be a 1/4 page add in The Wall St Journal on Monday, with another add in USAToday on April 1, and more News is forthcoming.

I'll be talking with the PR firm this afternoon and I'll post a debrief later in the day.

The number of active MM's covering NTOY remains at 13 - with two deleted and two new ones added since yesterday.

otcbb.com

David :)