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Technology Stocks : Electronics Boutique (ELBO)

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To: Night Writer who wrote (713)6/8/2000 12:52:00 AM
From: Mad2  Read Replies (1) of 779
 
Volume has been low following the sell off from last earnings. At 13-15 this stock is grossly oversold and a steal. Gets to a point where buyers outnumber sellers and MM's move the price up, then when buying subsides the opposite occurs and back we go. I'd have to guess we are going to enter a uptrend with perhaps a short sell off after 2nd qtr earnings and then the fun should start.
Personally I would like to increase my position by around 40%, but I've been holding off, not sure if we are going to revist the 12's or not......well have to wait and see.
This sony launch will be big and the follow on selling will be much more significant than with Sega's.
Gona double in 6 months
Mad2
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