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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: Justin Pressley who wrote (43)6/23/1997 7:13:00 AM
From: Steven Angelil   of 971
 
Hey, JP,

Looks like its just you and me until this stock makes SOME kind of bounce. Hopefully, it's today. You are lucky, you just started accumulating the stock. I have been adding since Oct. of 96, and am almost out of gun powder! I pretty much have a block of shares I'm holding long-term, and a smaller amount I am trading. Not selling my trading shares until at least 7.

I also think that until we get a CEO, who will tell us his plan for recovery, I don't see too much upside. I will be happy if we close the week at 6 1/2 or 6 5/8. If we can get that this week, 7 or 7 1/2 is not too far after that.

Man, July 2 can't get here fast enough. I just wish B&L would put us out of our misery and merge with us for $10-15 a share:-)

Good luck to us today.

Steve

Remember, the Ask is 5 15/16, so a little buying at the open and maybe our trades we entered at 5 7/8 will be safe.
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