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Non-Tech : CHRS - CHARMING SHOPPES (FASHION BUG STORES)
CHRS 1.545-3.4%Nov 4 3:59 PM EST
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To: Joel H. Jacobs who wrote (64)5/10/1997 10:15:00 AM
From: Instock   of 128
 
What this stock needs is some positive news to help back up the Business week story!!

The Business week story has and will cont. to produce the volume for several days. BW will give the stock a boost in price that it would not have recieved on its own.
Breaking $6.30 will be very tough I beleave.
It took a shot at it friday and will probably take another shot on Mon and Tuesday.
Three shots at it and it just might break though it!
Lots of profit takers were taken out on friday. Should be somewhat less profit taking on Monday and mondays volume could be higher then Fridays volume.

Remember, the MAG. is not delivered to the homes till Friday ( most did not read till they got home from work ), Saturday and a few areas on Monday. The Mag. is in most stories by Tuesday.
If the company should release some kind of positive news, the stock will have a very good chance at breaking 6.30 to 6.50

Question!! When is the companies next earnings due out?
Does the company pay a dividend and how much and when?
Anyone seen any early indication of May sales so far?
Has anyone had any recent contact with the companies Invester Relations Dept. ?
Is there a company Web Site?

Thanks
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