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Non-Tech : Just For Feet (FEET)
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To: Scott Finchler who wrote (168)5/2/1997 1:00:00 PM
From: Walter High   of 750
 
Scott:
I agree with all of your comments. Actually, I am sitting on a fairly good-sized cash position now since I sold all but 12 shares of FEET. I think you are right about the big guys making the price move. The movement of the last few days may be because some of the big guys have information about the 1st quarter sales. That is why I posted the message asking if anyone could visit a store and get a reading from the manager. They obviously don't know what the earnings are going to be, but they do not how much their sales are up over the same quarter from last year. I have never found them reluctant to tell me, either.

I don't put a lot of faith in technical analysis but I do watch the charts. Some stocks seem to travel in a pattern and if you can discern it with any accuracy, you can make a bundle. FEET seems to be out of its pattern right now, though.

Do you happen to know what the size of the short position is on FEET?

Walter High
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