Electronics Boutique (ELBO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Electronics Boutique (ELBO)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ratherbelong who wrote (575)	10/13/1999 8:06:00 PM
From: Top Jim	Read Replies (1) of 779

Welcome back RBL. Hindsight is 20/20 and it would have been better for me to pull the trigger at 26 and eat the capital gains (double) taxation instead of holding out for LT status in Nov/Dec. The dilution is ~5% and forward earnings should beat estimates by more than that so this is definately a temporary pressure. I share your objective of 30+ by 12/31 and feel comfortable that ELBO's relatively low P/E will protect it from any market downturns (historically seems to rise against down days). I suspected, and it seems to be playing out, that the big fish pulled back on their accumulation to wait for the SPO issues. This enabled the MMs to trade down the stock and pick up the stop limits to cover their short position. Just a hunch but I've seen my share of MM tactics on slow days with this stock. Anyway, today we had significant individual accumulation (including your own) and 2 block buys of 15K and 7500 that supported the price back to 20. This is a good time to accumulate again and I may take my own advice on that to overweight ELBO in anticipation of a strong subscription to the SPO and new highs in Q4. Regards, TJ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next