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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: David Kuspa who wrote (102)5/19/1997 3:35:00 PM
From: Arnie Doolittle   of 338
 
TA. FM reached 14 the week of 1/15/93. The all time high, set within a month of the ipo, was 18.5 the week of 3/27/92. FM has neatly obeyed the overhead supply rules and obediently pulled back as it reached ancient highs. The high at 14 is a BIG one though. Remember? That was the week that was - e-coli and the resultant mess that FM is just now climbing out of. Once 14 is out of the way, the stock will have relatively little resistance. IMHO 14 should be in the rear view mirror sometime in the next 6-9 months.

Arnie
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