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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (28967)	4/10/1999 5:42:00 PM
From: David in Ontario	Respond to of 122087

Hi Floyd. Thanks, much appreciated. I admit that I also got caught up in the NTOY hype early on. It did look compelling and with the EToy IPO coming up soon then it looked even better. I had been in the last ALFN momentum play (another e-toy stock) and made a good profit there - and will again. When I did one of my regular sweeps on SI to see who is shorting what - and saw A@P's NTOY short post - I thought sh*t. However, his short was only at 15% so I knew there were probably a couple more days left before it dropped. His post was on a Thursday and the web launch was the following Monday - so I decided to hold through the Monday expecting the stock to get a bounce afterwhich I would be out - and that day. I suspect A@P also thought there may be a pop on that Monday - hence the 15% short. As it turned out the stock was flat that day - and no wonder as the Wall St NTOY ad had Fortune Marketing as the PR link - duh!! I put in my sell order that evening - and I admit I sweated a little that night - and fortunately for me the order was executed at the open and I was out with very minor pain. Ten minutes into trading the stock started its dive. NTOY was always a very risky stock. I don't feel sorry for those who bought my shares and are still down - and will be for a long time - if not forever. With these types of stocks you have to be aware of what's going on EVERY day - and make the effort to keep on top of them. David.