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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 (97)5/16/1997 7:00:00 PM
From: David Kuspa   of 338
 
Thanks for the encouraging words. For about the first half-hour at the market open, FM had a bid size of 10 and an ask size of 260. I'm not that savvy on market technicals, but it sounded like a lot of sell pressure to me and I expected the stock to dip. It did go down to 12 1/4 briefly, but held up very nicely considering today's down market. Still, I've got a stop-loss sell at $12.

FM seems unusually stable these days, with a nice steady climb recently. No super pop after the earnings report, but no dramatic dip post-earnings either. Gee, I was hoping to trade it a little like I've done in the past. Is FM just more respectable now? Or a boring buy and hold stock?

D. Kuspa
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