I’m quite new to magento, but I don’t think it allows you to select a product to display as being on preorder?
I think you can do this by creating a new attribute and using a condition (IF) in your template that will allow you to display differents informations depending of you product’s availability.
you can have a look at Pre Orders extension. It allows customers pre order products that are currently out of stock and enables you display customizable stock statuses.
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