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Technology Stocks : Electronics Boutique (ELBO) -- Ignore unavailable to you. Want to Upgrade?

To: ratherbelong who wrote (438)	7/28/1999 12:03:00 AM
From: Mad2	Read Replies (1) \| Respond to of 779

Suprising the strength of today. Looking at the chart ELBO is on the verge of breaking out to the next level. The public traded shares on this issue are so small (.5mil) anything can happen. I expect ELBO will trade in the 16 1/2 to 17 1/2 range for the next 5 or so days then continue its move up. Strong earnings expected later in August, expected media (and expected upgrades/rotation from new hardware) hype surronding the dreamcast launch and the the holiday season. Only risk is the fed with their inflation fighting rate hikes...while the market can correct some due to cpi, wage or some other data that would cause AG to get proactive I really wouldn't see that negatively effecting ELBO's business. I see ELBO moving up to the target numbers put out by the sticks and frankly while I have traded in and out for 2-3 points twice since getting in I don't want to get stuck on the sidelines. Might consider trading out if it hits 21-22 before earnings. good luck to ya rbl. I did notice ELBO's per share earning have been depressed compared to prior period because prior period was at a reduced tax rate. With ELBO's margin improvement and new stores etc we'll start to see a rise period over period in per share earnings giving more visibility to the growth in income this company has demonstrated. BTW bought a couple k of ZANY today. i like them for the same reason I like ELBO (niche growth retailer, more upscale than toys r us with exclusive high margin items, nice potential going into holiday's). Mad2