one of the reasons, the main one, why I now use
axe_234. They are harder to "forge" but there are still a
few a**holes out there and one roach already posted
under axe234, without serarating them. That's the main
As far as my comfort zone, had I not been involved
in the past serveral days with accumulating a few
other stocks, I would have sent some buys in on ELBO.
It was nearing my comfort zone. Honestly, I wasn't
prepared to buy in the 16's and rather than say where as I
don't want this to be a "self fulfilling" prophecy, and
offend some other longs, suffice it to say, it was under
I've done it many times in the past
8 to 10 months and ELBO has always cooperated with
me. If ELBO doesn't cooperate with me this time, so
be it and furthermore, if it doesn't (cooperate), I
wish all longs the very best and God speed to the
Please note the prior forgeries of his
axe_234 does not present near so many graphical
opertunities for imposters.
I hope Pickle will let us
know his price target for buying ELBO again.
onthe money when you say that the combination of
the Fortune article and the CBS recap on FNCO had
more to do with making FNCO a successful trade than my
I think if you look back you will
see many times in which you picked a stock to buy,
and it languished and then all of a sudden something
comes out of the blue and propels the stock for you.
That something is nothing you counted on.
far as FNCO is concerned, selling size was a real
anguish, something I wouldn't want to deal with in the
size I owned again. I'm lucky, but the cash register
rings whether it's from luck or skill, as you
After I sent you a few "nasty barbs" in the past
several weeks, I took a look at your well crafted website
and must admit you are obviously of a caliber higher
than I had given you credit for (before I visited your
site). So please accept my apology for such. I would
like if you and I could communicate from here forward,
whether we disagree or not, but let's exchange the
dialogue as we can both learn from the other's MO (modus
operundi - my Latin is showing).
I may not agree
with you, but I'll respect your opinion and if you
give me the same courtesy, this can only be a win-win
for us both.
P. S. And yes, I love ELBO and will be looking
carefully for a reentry point.
Let me tell you a little about my own
trading experience with ELBO since you were
enough to share you FNCO in such great detail.
First off let me preface these remarks by saying
WISH I had the same kind of luck with all my
as I have had with ELBO.
I watched with
great anticipation the IPO of ELBO,
after all it was
a company were I have known the quality
for some time. HOWEVER as anyone who has read
web site for the duration can tell you I
very bearish on the market at its peak in July
I remained so till the selling climax of early
It was at this point that I asked the kind longs
this board which included RBL and N9 if there
anything I was missing in my DD. The next day I made
major play and bought at $7 on Oct 8th oh I
have bought FNCO at 10.50. But that would have
been a 63% return. Barely keeping up with the
since that date. That core position is about to
a long term cap gain and as of yesterday was
So when you slam longs just remember most that have
long term have done just fine.
I have also
traded ELBO again with precision that
only can happen
with one stock in a lifetime. Oh sure
traded many" some have broken up on me
when I didn't
expect it to and I lost that gain and
broken down. But buying ELBO 13-14 and
selling 18 has
proven to be right on for me. During
this last time
for whatever reason you tried the "ugly
While 13% is not bad and I'm happy for you,
small potatoes compared to my buy in at 13 7/8
July 1st. That trade as of yesterdays close was up
in under 2 months. I could have bought FNCO that
day for 17.75 but where would it be today? I did
1/2 my trading lot at 18 on August 2nd. The
was twofold. One I pointed to the chart weakness
looking toppy as always at 18. The main reason
that as with all my trades at the time I did NOT
to go into the jobs data on the 6th and CPI/PPI
too long on anything. But one day before
earnings I did
buy back that 1/2 position at 17 3/4.
Not a big deal there
but it did give me piece of
mind during a rocky time in
the market. And did
payoff on my other trades to a
I think even you would have to admit to being
at least twice over on that FNCO trade.
Number one just
being able to get out of such a thin
stock was a high risk
to begin with. Secondly it is
still to this day in a negative
that can get worse with little warning.
Marketwatch article had more to do with your
13% than did
you skill. But HEY I'll take luck over skill
day of the week :-)
So while I don't LOVE any
stock, I am in total LUST with
ELBO and for good
Sega Announces More VMU Specifics
We've got the latest details on VMU use in
U.S. launch titles!
Story courtesy of IGN �
Earlier today, Sega America made an official announcement
in regards to how the Dreamcast's first batch of
launch titles will utilize the machine's unique
peripheral, the Visual Memory Unit. While most of the initial
games due out will only support the device by using it
as a saving function, there are several games ready
to put the handheld into action, and we thought we'd
take a look:
Sonic Adventure will allow you to
download mini creatures onto your VMU and raise them as
your very own pets. As they grow older and stronger,
you can enter them in fights and races, in order to
gain a few extra Sonic coins!
Capcom's 3D fighter
Powerstone will give you the option to play a number of
different games, should you feel the need for a little more
variety. These include a mini-airplane shooter and a
Vegas-style slot machine. By completing each one, you'll earn
a number of gold coins, which can then be used to
unlock special features within the main game.
on to the as-of-yet unreleased Dreamcast games, Sega
Sports' NFL2K will provide gamers with strategic options,
enabling them to surprise their opponents with secret
attacks using the VMU's LCD screen.
In Midway's Ready
2 Rumble, gamers can track their health meter,
punches thrown and the percentage of accuracy on their
VMU, giving them a competitive advantage!
Acclaim's Trickstyle will feature one mini-game, dubbed
Trickstyle Jr. As futuristic hover-boarders, players can try
to ride over pickups that increase the length of the
colorful streak of light trailing behind their board in
the actual game. However, the longer the streak, the
harder they'll find it to traverse the area as their
tail gets in the way. They'll then be able to upload
their light streaks into the main races.
looks like you'll never have to face a boring bus
journey again! As extreme fans of portable gaming, we
can't wait to get our hands on these mini-games. Now,
what did you say a Gameboy was?
-- Matthew Langan,
I can't wait to purchase this new system...and only
two weeks til launch.
face to face discussion, you'd see I agree with
you ELBO is far and above the company superior in
every aspect to FNCO. You are quick to defend ELBO, and
you have every right. So as not to have to debate
this point again, I agree. I love ELBO and it's
management and think they are some of the sharpest operators
in the retail sector today, bar none. I can't be any
clearer than that.
I siezed an opportunity to buy
FNCO trading at the lower end of trading range
commencing on 8/3, and adding to that position on 8/4, 8/5,
8/6 and 8/9 and then selling it all on 8/18, 8/19 and
8/20. I owned FNCO 14 trading days. This was a trade
I've just compared the prices of ELBO on those same
days, had I bought ELBO instead at the lowest possible
prices ELBO traded at on those days. Along side the
lowest possible ELBO price, I'll post my average costs
for FNCO, including commissions.
FNCO @ 16.83 Could have bought ELBO @ 17 7/8
Bought FNCO @ 16.15 Could have bought ELBO @ 17
8/5 Bought FNCO @ 15.15 Could have bought ELBO @ 17
8/6 Bought FNCO @ 15.33 Could have bought ELBO @ 17
8/9 Bought FNCO @ 15.71 Could have bought ELBO @ 18
My combined average cost in FNCO with commissions
was $ 16.16 and had I bought ELBO each day in equal
amounts, my average cost would be 17 11/16, "not"
I sold FNCO on 8/18, 8/19 and
8/20 at an average selling price of $ 18.36 (including
commissions). My net was $ 2.20 per share which was 13.16 % for
14 days, but I will admit this trade was "in size."
ELBO today closed 18 7/16 bid offered at 18 1/2 and if
I were to buy or be able to buy ELBO tomorrow at 18
1/2 in the same size, I bought FNCO, I'd have a $
2.20 per share cushion built in (if I want to factor
that in). Suffice it to say, the trade was super
successful and I hope I'm able to back into ELBO once again.
If I don't get the opportunity, I wish all longs the
very best. There's not been a time in the past 8/10
months when ELBO didn't "pause" to allow me the
opportunity to become a shareholder. If ELBO won't wait this
time, so be it.
Frankly, I hoped to be able to
conclude this trade and be able to buy ELBO all before the
9/9/99 date I have in mind for a potential greater "than
great" Dreamcast launch that could occur at ELBO's
retail units. I do believe a successful launch of
Dreamcast is already factored in, but it may just turn out
the Dreamcast launch may be successful beyond
everyone's wildest dreams (no pun intended).
FNCO would get "slaughtered" again, I might try to
repeat this performance, but note I said "might" try.
Being much thinner in trading that even ELBO is,
trading in FNCO wasn't easy, and in fact exiting was far
more difficult and timing had to be precise, as you
can see from today's backtracking into the high 16's
To sum up, I'm an ELBO fan, but not
one who believes I must be long ELBO 365 days a year,
and if that makes me into a "not so loyal" ELBO fan,
so be it.
I truly wish you the best with
ELBO and hope this launch and all else they have going
for them produces sales and earnings growth beyond
your wildest expectations.
I have a copy of
Prudential Securities's 8/24/99 update and reiteration on
ELBO just penned by Harry Katica, their analyst who
covers ELBO. I'd be glad to send it to you
electronically however simply because I don't have the time to
reprint the two full pages and portion that tides over to
page 3. I don't know how, but if you could somehow
come up with a way to transfer this to you, assuming
you don't want to post an email address, I'd gladly
do so. I will tell you Harry's target is still $ 25
and while this update is "mostly" positive, it also
points out the few "softer" areas to be aware
You decide and I'll attempt to get it to
P. S. This same offer goes out to natrl9 (to
transfer the Prudential Securites 8/24/99 2 1/2 page
raises EPS estimates once again from $1.23 for
fiscal 1999 to $1.25 and from $1.43 for fiscal 2000 to
$1.45. He is also projecting comparable store sales to
grow at a 5-6% pace for balance of fiscal 1999 and
says that ELBO is on track to open 100 new stores for
the year. He reiterates his strong buy recomendation
with a price target of $25.00. He does mention that
9/9/99 should be a record breaking performance thanks to
the release of Sega
I feel very strongly that should one or more
additional analyst pick up coverage of ELBO with strong buy
recommendations, we will finally see this baby take off.
luck to the faithfull ELBO longs who have patiently
waited for Wall Street to discover this gem.