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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)
FM 27.190.0%Jan 8 4:00 PM EST

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To: Arnie Doolittle who wrote (92)5/12/1997 8:51:00 PM
From: David Kuspa   of 338
 
Arnie, FM did break through its 52-week high in intraday trading today, a very bullish sign as you know. Once it does close above $12.50 (tomorrow?) there will be no more resistance going forward and this stock could break out to 15 easily, especially if momentum players get on board. I'm just trying to decide whether I should pick up a few more shares now or wait and see if there is any kind of pullback. We've had a pattern of pullbacks after every earnings release going back quite a while. Still, there wasn't much of a pre-earnings release run up, so this stock is beginning to feel pretty stable above $12. What do you think? Is it "different this time"?

D. Kuspa
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