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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (2515)	6/4/1999 3:41:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 3187

Judging by today's action I'd say Wall St. will yawn at the notion of CPU doing an auction site. Clearly, it's for liquidating their inventory, not so that we can go there and sell baseball cards. You'll be lucky if it only prevents CPU from sliding back under $7 sooner. I've seen too many retailers hoping that Internet angles will help the stock; that gimmick just does not work anymore. Wall St likes to invests in the growth potential of pure internet plays; and only see's higher overhead expenses, not sales, when retailers get on the net. The play here is not the auction site, rather a possible buyout suitor. (since clearly CPU can't manage to be profitable by itself) However I still have not seen enough information to substantiate that easially fabricated rumor. ...and no Jimbo, I am not short. I actually am trying to convince myself that it's worth going long here, but I'm losing the argument.