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Hi All:
Several months ago, one of my subscribed services mentioned KIDE as being
recommended by Mr. Bernie Schaeffer. (Unfortunately, I deleted the post
already.)
I started monitoring the stock since the end of November 1999, when the
stock was around $60, only to see it continue its unrelenting downward
journey...
Attached is a daily and weekly chart of the stock. The daily contains a
trading system of mine. When one of the wb_xx trend indicators crosses
above the cyan line, the first buy signal will be triggered. (If you think
the system is very impressive, discount it. It's very heavily optimized,
and there's no guarantee it will perform as well in the future.)
What's interesting is perhaps KIDE has dropped to a support level (cf
weekly chart and the yellow line I draw). Again, I must emphasize I'm a
very poor chart reader. But it may just be possible that the support may
be around the $20 level.
As you may notice on the daily chart, the stock was as high as $93 on
99-11-09, and now down to around $23. Very oversold. A possible candidate
for bottom-fishing. (To me, it's definitely NOT a buy for tomorrow. But
there's a potential buy in the near future.)
By the way, there are options (but no leaps) on this stock. However, a
check with my options evaluation software shows that the calls are very
over-valued.
For fundamentals etc etc, please visit the following yahoo webpage and the
related links:
http://quote.yahoo.com/q?s=kide&d=t
Here's an extract about the company profile:
4Kids Entertainment, Inc. provides a comprehensive range of services
including toy design and development, domestic and international
merchandise licensing, media buying and planning, international and
domestic television and movie distribution and television production. The
Company operates through four wholly owned subsidiaries. Leisure Concepts
Inc. is engaged primarily in the business of licensing commercial rights to
properties, personalities, and product concepts. Leisure Concepts
International Inc. provides hands-on management of properties in the
important United Kingdom and European marketplace. Summit Media Group, Inc.
provides media planning, buying and marketing services primarily for toy
and video game companies. 4Kids Productions, Inc. is a television and home
video production company specializing in youth-oriented entertainment
programming.
My subscribed service mentioned something about internet and something
about it being the designer of the pokemon ganme (sorry I can't remember
the details). Should this pokemon phenomenon continue to be a success,
according to that post, KIDE could benefit from it greatly.
So if you're interested in the stock, please do your own research and
arrive at your own conclusion.
Regards,
Wong
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