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Technology Stocks : Electronics Boutique (ELBO)

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To: Mad2 who wrote (737)9/1/2000 12:36:03 AM
From: ratherbelong  Read Replies (1) of 779
 
Mad2,
Thanks for you insights. I think we will begin to benefit from ELBO's small float, as institutional investors start looking around for places to park cash for the year end plays. I see ELBO as a very attractive "end of year" situation, given the cyclical nature of their business, (not to mention the impact of the upcoming PlayStation intro) and I feel strongly the short supply of shares works to our advantage. I will definitely be looking for increased volume over the next six weeks as an indicator that the big boys are trying to get a piece. If I am correct, them the move up can come all at once and in a series of 500,000/600,000 share days. The three month chart is looking great...but I think the best has yet to come. I too will be looking very carefully at volume and momentum in the $30.00 range. If it looks like it is losing momentum at that point I'll jump off...if however, it looks like the run will continue into Q-1, I might just hang on. I guess we will know soon enough. Good luck to ya.
RBL
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