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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?
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To: JC Reddy who wrote (945)1/14/1999 5:35:00 PM
From: CMon  Read Replies (1) of 971
 
What DO you understand about why other companies that announce ecommerce ventures double? That makes sense to you and this doesn't? Among other things, there are about 50MM shares out for this company, so those 2 points you're so disappointed in is an additional $100MM to the market cap That implies a fair amount of additional sales of glasses.

But then hey, YHOO seems to support a $40 billion market cap, so I guess no one cares about market cap and fundamentals anymore. If not, then let's pay attention to the float, there are more than enough shares to go around, so the daytraders that jumped mindlessly on the news as soon as the stock opened found plenty of supply hitting them.

The ingredients for a double just aren't here in this one.
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