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Non-Tech : Just For Feet (FEET)
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To: Scott Finchler who wrote (228)6/11/1997 2:56:00 PM
From: Walter High   of 750
 
Scott:

Didn't call IR. My experience is that they won't tell me anything that is even worth the price of the long distance phone call. I immediately covered by open put position this morning and took about a $900 profit. Good think since it deteriorated even more later in the day.

I can only imagine that FEET might have a big acquisition in mind and needs the cash/stock for that purpose. They couldn't have frittered away all the money they had at the end of January. They aren't that inept. (Now that I think about it, their CFO did take a hike last month. Suppose he screwed up in a major way???)

Walter High
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