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Non-Tech : PETM - Petsmart
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To: Tim Luke who wrote (320)8/24/1997 3:03:00 PM
From: Kethy Hu   of 1508
 
Has anyone got the comfirmation of the earning release on Monday
after market close? I am not so sure yet that PETM can move further
on Monday before earning release. The possible pattern of PETM will
be like a little gap up around 8-8 1/8 and then drift down to 7 1/2-
7. I won't buy any more if it is above 8. I am sure that I will pick
some more depending on how the quarter earning is. As to the shareholder right, I have different interpretation from your guys. Many companies adopt this right plan because the managements expected
that their companies' performance will NOT satify the wall street and the stock will possibly go down further. RISC is one example.

I have been a Pro on PETM, not much now. I do not like any delay in
the earning release. PETM will be above 8 in the near term if the earning is not negative. Low volume on Friday! Watch the volume on Monday. Good luck, all.
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