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Non-Tech : Just For Feet (FEET)

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To: Mark T. Heath who wrote (90)3/12/1997 1:02:00 PM
From: Walter High   of 750
 
Mark:
I don't know anything about FEET that you don't. I'm just a
small-time investor with no special access to information. My
comments were just an elaboration on the speculation on this thread
a month ago about whether or not we should have gotten out. According to the conventional wisdom, we should have dumped it when it first started to tank after the stock split (when it normally should have gone up). My guess is that the earnings report on March 18th won't be as good as we might expect and that the people in the know discovered this long ago and started to sell off. We are left holding the bag.
For myself, I have been in FEET for 2 1/2 years and believe it has great long-term potential. I don't plan on getting out, even if it drops another five points. From my experience, a stock usually takes about three quarters to rebound from a one-time bad earnings report. That assumes, of course, that it is a one-time bad report and does not continue.
Here's hoping I'm wrong about the earnings.

Walter High
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