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Technology Stocks : Electronics Boutique (ELBO)

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To: Victor Lazlo who wrote (299)4/1/1999 2:55:00 PM
From: rtroup  Read Replies (2) of 779
 
Victor, got an interesting message back today!

Robert Cooper (financial analyst at ELBO... again, whatever that means) says,

"Total management ownership is 714,642 shares between the top three guys (CEO, CFO, and SR VP of Merchandising). There have been no purchases or sales in quite a while, and will not be for at least the next month after today (if any are planned) as the company will enter a "closed" period for insiders as of the close of the markets today (4-1-99)."

Let me just pause here to repeat that: THE COMPANY WILL ENTER A "CLOSED" PERIOD FOR INSIDERS AS OF THE CLOSE OF THE MARKETS TODAY.

This says to me that there is definitely going to be an announcement of some sort within the next month! (please stop my enthusiasm if there could be any other reason for a "closed" period for insiders) I will reply to Rob and see if there may just be a common reason.

What are your comments on all this?
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