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Technology Stocks : Electronics Boutique (ELBO)
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To: ratherbelong who wrote (738)9/12/2000 1:35:53 PM
From: Mad2  Read Replies (1) of 779
 
Look at a weekly or monthly chart of ELBO.
The weekly shows no sign of momentum, rising price on declining volume. Same with the monthly, except you can see the price channel over the past 2 years that I would term "consolidation".
Assuming we don't get some funky announcment out of ELBO (eg insider secondary, earnings warning etc....) I bet the stock will go sideways for another couple of weeks and then start to breakout on volume.
After the launch I think we'll see more volatility than normal, however ELBO should have 8-12 growth quarters ahead given the rotation in hardware and demand this will create for new software (not to mention favorable demographics)
See ya,
m2
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