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


To: ratherbelong who wrote (575)10/13/1999 6:20:00 PM
From: Night Writer  Respond to of 779
 
RBL,
The added 2 million shares plus 1.5 million more being sold into the market didn't slow you down. I'm still waiting to enter again. The market in general is like a nervous horse in rattlesnake country.
NW



To: ratherbelong who wrote (575)10/13/1999 8:06:00 PM
From: Top Jim  Read Replies (1) | Respond to of 779
 
Welcome back RBL. Hindsight is 20/20 and it would have been better for me to pull the trigger at 26 and eat the capital gains (double) taxation instead of holding out for LT status in Nov/Dec. The dilution is ~5% and forward earnings should beat estimates by more than that so this is definately a temporary pressure. I share your objective of 30+ by 12/31 and feel comfortable that ELBO's relatively low P/E will protect it from any market downturns (historically seems to rise against down days).

I suspected, and it seems to be playing out, that the big fish pulled back on their accumulation to wait for the SPO issues. This enabled the MMs to trade down the stock and pick up the stop limits to cover their short position. Just a hunch but I've seen my share of MM tactics on slow days with this stock. Anyway, today we had significant individual accumulation (including your own) and 2 block buys of 15K and 7500 that supported the price back to 20. This is a good time to accumulate again and I may take my own advice on that to overweight ELBO in anticipation of a strong subscription to the SPO and new highs in Q4.
Regards,
TJ



To: ratherbelong who wrote (575)10/14/1999 11:10:00 AM
From: Professor Dotcomm  Respond to of 779
 
I think you may be right, RBL. We are just entering into the hot season for video game stocks - and this time it has been stimulated by the Dreamcast frenzy, and after the end of the season we can look forward to the PlayStation II introduction in Tokyo on March 5, 2000.



To: ratherbelong who wrote (575)10/15/1999 9:52:00 PM
From: Mad2  Read Replies (1) | Respond to of 779
 
Ditto in at 19 1/2, a true buying opportunity.
Mad2