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Technology Stocks : Cyberian Outpost (Symbol: COOL)
COOL 0.103+10.6%Sep 5 5:00 PM EST

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To: Elroy who wrote (1619)7/14/1999 1:22:00 PM
From: Leo Francis  Read Replies (1) of 1932
 
Finding "errors" in the market is the path to riches!-g-

Of course, an investor must partake in debates contrary to one's position. Which is why I enjoy SI and other boards. They are tools.

To date, I have not come across a bear argument which is strong enough for me to change my very bullish outlook for COOL.

Look at the market cap of BBY, and you can see the potential COOL has. Especially if you believe in etailing as I do.

Recent selling pressure I believe is directly attributed to restricted stock sales from pre IPO shareholders, most of which bartered their services for shares. They are selling at 800 to 1000% profit, and rightly so. This over hang has run its course.

I will admit, I thought the market could "absorb" the over hang better than it has. However, we also had the sector beaten down in general at the same time. When these early investors saw paper profits start to go, they just starting taking their windfall, even at lower prices because they will still enjoying huge profits.

The bull is charging.

Good Trading, LG
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