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Non-Tech : Just For Feet (FEET)
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To: Mark T. Heath who wrote (52)2/10/1997 9:27:00 PM
From: Walter High   of 750
 
I wouldn't sell FEET stock just yet. I have owned this stock
for two and a half years and it seems to follow a pattern. FEET's
fiscal year ends on January 31 and they have consistently announced
terrific earnings. In fact, the earnings have been so good that
everyone sells, assuming it couldn't get any better. The stock
takes a dive in February, then begins to rally around the last week
of February. By July 1st, it has nearly doubled. Check the charts
for the past two years that it has been public. It then seems to
go flat for the August to February period.
If it follows the same pattern this year, it will start to
go again in about two weeks and run up to 45-50 by July. That is
a big IF, of course. I bet the trend though, and bought 500 more
shares as soon as it dipped. I now own 3000.
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