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Non-Tech : Hollywood Entertainment(HLYW): When will it break 17? -- Ignore unavailable to you. Want to Upgrade?

To: lin huan chen who wrote (187)	2/4/1999 5:14:00 PM
From: lin huan chen	Read Replies (3) \| Respond to of 212

Since no one like to post, I like to give my 2-cent opinion on HLYW. HLYW has dropped more than 10 % from its high due to profit-taking. Its P/E looks still high (~65). But its forward P/E is around 22.5 and its PCF (price to cash flow, which is better to measure this company) is even better. So it is not too expensive, especially comparing to other E-retailers. Later this month traders will have a new way to trade the hot E-commerce sector . The Street.com E-Commerce Index (ICX) will start trading Feb. 17 at the American Stock Exchange. The index is focused on companies that primarily get their revenue from products and services sold on the Internet. The equal-dollar weighted index is comprised of 15 stocks, including Amazon.com Inc., Ameritrade Holdings Corp., Barnes & Noble Inc. E*Trade Group Inc., eBay Inc., Hollywood Entertainment Corp. and Preview Travel Inc. I don't know this index will help HLYW or not, but I notice that somebody bought 5,500 July 35 call for more than 6 dollars each contract. This guy must be very bullish on HLYW. And CMGI's CEO owns more than 4.6 million shares. Anyway, I believe HLYW will go higher in 6 month. Any thought? Lin