To: Night Writer who wrote (102 ) 12/7/1998 7:38:00 PM From: Steve Research Read Replies (2) | Respond to of 779
The selling out of this stock is from all of the internet dopes who bought in above $20.00 and now they are scared. This is SHORT TERM MOVEMENT. IN MY OPINION: If you look at many of the software/video game stocks, the companies that make the product that ELBO sells. Look at ERTS (electronic arts, was up over $3 today! Look at THQI (THQ software) was up about $2 today! Look at AKLM (acclaim enter.) up 7% today! IF THESE STOCKS ARE ON FIRE THEN THIS MUST TRICKLE DOWN TO ELBO! All of these companies make computer, playstation, and Nintendo games! The Playstation and Nintendo are both going to sell more video game units than they did last christmas and I don't have to mention Computer sales--off the charts--these computers for the first time all come with good graphics chips, memory, cd rom drives to play all of these games! We are at a point where if you own a new computer you don't even have to check the box to see what the hardware requirements are to run a game! They all work, even last year it wasn't like that. So even Moms, girlfriends, grandfathers can purchase these programs without fear that they won't work (that is how it has been in the past, people were scared to buy programs/games as gifts--NO MORE!) The sales that ELBO is going to do are going to be OFF THE CHART for Christmas and next year! I know a college student who works in one of these places and THEY ARE VERY BUSY, PEOPLE ARE SHELLING OUT HUNDREDS OF DOLLARS DOING THEIR CHRISTMAS SHOPPING, BUYING 5 GAMES AT A TIME FOR THEIR KIDS, NEPHEWS, HUSBANDS, WIVES! I am 31 years old and that is all I want from my girlfriend--video games she will probably spend $200-$300 on games for me alone. NO ONE IS EXPECTING THIS KIND OF DEMAND-NO ONE. THIS STOCK IS GOING BLOW ANALYSTS AWAY and SURPRISE EVERYONE WHEN THEY REPORT EARNINGS! CAN ANYONE ELSE RELATE TO ME RE:SOFTWARE SPENDING FOR THIS CHRISTMAS? Please respond if you agree or disagree.