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Technology Stocks : eMachines (Nasdaq: EEEE) going public! -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (54)	1/5/2001 4:46:55 PM
From: EACarl	Read Replies (1) \| Respond to of 122

Hi InfoStream.com, I have seen your posts on the "January effect 2001" thread. I have been accumulating EEEE at 9/32 last week, thinking it was way too far washed out and due for some January effect. Today I was watching the T/S all day on it, and it was nice and steady trading mostly at 3/8 all day, then right near the close huge selling volume came in and it fell right through the floor! I was shocked. This company had around $1.50 in net cash per share at the end of last quarter, and expects to lose about $.2 this quarter. I have watched value plays for a long time but can not remember ever seeing a stock sell for less than 20% of the cash on the balance sheet. To say I am shocked at the current price would be an understatement, I simply can not account for any reason for it to sell at such an extreme discount. Actually, I tried to buy another 50,000 shares at the close at 7/32, which was the current "ask" at the time, but my order just missed the 4:00 deadline. I see it is now bid 1/4 ask 9/32. What is your opinion about what is going on? What do you think about EEEE as a short to intermediate term trade? Regards, Eric.