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Non-Tech : Polo, Ralph Lauren (RL)
RL 316.89+2.5%3:59 PM EST
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To: Sunny Span who wrote (15)6/16/1997 4:54:00 PM
From: Craig Schilling   of 169
 
SS

I'm in the same school of thinking and also am trying to figure out when mutual funds will begin buying in mass. Here are some of my thoughts. IPO offer price was 26 (original price was between 22 and 24 so we know what it's really worth) and open was 32 and change with a high we could not penetrate at 33. My feeling is we have to close the 5 point gap before the technical players will jump in and we also gain 20 percent as it goes back up. H&Q is selling 250,000 share blocks each day to somebody so individuals are willing to buy large positions at these levels. However, if the market turns these same blocks will be sold for a lot less and will cause the price to drop until they decide to stop selling. Last, those who decided to churn the stock, most likely, will be out by end of week or if we see a quick sell off.

The question is how long do I let it go or what indicator do I use to buy in if at all? I guess patience is the name of the game.

Craig
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