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Non-Tech : PETM - Petsmart
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To: Tom Klempay who wrote (565)9/8/1997 3:25:00 PM
From: Wuihan Cheah   of 1508
 
Since last week, we have been seeing moderately high volume. Though, the price have not moved by much. Our support level is at 8 1/2 now... and just wondering what it will take to crush that resistance point of 9, except the much awaited upgrade. Maybe if PETM announces the increase in same store sales by 20% in August or something.
Anyway, even without the upgrade for immediate jump in price, I am sure that slowly, we will get there into the teens.

WH
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