Sunglass Hut RAYS- Will it ever breakout? Message Board

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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: The BayWatcher who wrote (13)	6/18/1997 8:30:00 PM
From: Steven Angelil	of 971

Hey, BayWatcher, Some good points in your post. About the founder, I really dont know too much about him. I just saw a few of his comments in the Sun-Sentinel, and I thought he made sense. Boring display at most locations, too many stores, etc.. Regarding earnings, it does look like the estimates for the quarter will decreased by $.01. Go to dailystocks.com and you will see. Punch in RAYS and go to where it says Earnings estimates. You will see that the numbers were updated today, 6/18. Looks like one of the analysts cut the Qtr. and the year numbers and lowered their rating(just what we needed). As far as the stock price goes, the only good thing is we dead-cat bounced off of 5 9/16. We have huge support at 5 1/2, and if we don't hold up from here we are in serious trouble. I understand there is almost no short interest, so I doubt anyone is trying to knock this thing down so people will get margin called. All I know is that I have faithfully held on to this stock since Oct. of last year, and I am down almost $3/sh. When will the PAIN ever END!!!???? Frustrated in Florida, Steve

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