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Non-Tech : Circuit City (CC)
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To: Mongo2116 who wrote (24)8/18/1999 10:10:00 PM
From: P.M.Freedman   of 31
 
CC was over sold two weeks ago. It may still bounce back a bit to test $49 where will be its strong resistance. I agree with you that CC is not as good as BestBuy. Even Sears looks better than CC, especially on balance sheets and earnings. Big screen TVs will become dinosaur soon. CC may have to reduce its inventory on TVs. CompUSA may go higher because large screen PC-TV will lead the markets and they do not have TV inventory problems. Good luck!
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