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Technology Stocks : Electronics Boutique (ELBO)

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To: ratherbelong who wrote (690)5/11/2000 7:38:00 AM
From: Mad2  Read Replies (1) of 779
 
Chart says 14 1/2 is bottom of trading channel. We could revisit the bottom of the channel if any dissapointment with next earnings, however in this market their are few places to hide. Sony's launch (catylist), along with the favorable demographics and tight labor market (favors elbo's target market and should provide more disposable income to this group) should all contribute to elbo's sucess this fall.
elbo's dip to 14 1/2 was fallout from the failed funco deal, not valuation based dip, rather supply/demand based dip.....
mad2
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