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Non-Tech : American Express (AXP)

AXP 365.82

+1.5%

3:59 PM EST

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To: theMitch who wrote (9)	4/22/1997 9:49:00 AM
From: Jerry Miller	of 179

Mitch, i'm working on a puzzle. any help, from anyone on the thread would be greatly appreciated. i follow Tootsie Roll Industries (NYSE: TR) (yes, the very same). if you look at their chart starting in November (halloween is always their big quarter) you'll find them right around their 50 day moving average... until the end of January, at which time the stock starts to move up at 45 degrees. on January 31,1997 American Express seems to have bought several million shares of Tootsie Roll, along with a company called IDS Life Capital Resource Fund, an investment company, and a client of AXP. i haven't been at this very long, and i don't always understand my homework. but am i reading this right...? edgar-online.com have they quietly bought 10 percent of TR...? and why? thanks J.

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