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Non-Tech : Tommy Hillfiger 1997 (TOM)

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To: Thean who wrote (151)7/30/1997 4:14:00 PM
From: Brian Pastor   of 183
 
Thean - Let me know what your research indicates on a short-medium basis for TOM - I thought today was extremely positive because of the heavy volume in the 43-44 price range indicates institutional trading and sets up a strong support for the stock at this level. Heavy instutional volume is ordinarily (although not always) followed by a push to the institution's customers combined with reiterations of existing recommendations or making of new ones (hopefully up rather than down). While it would have been nice for a rise in the price today, the small decline should only serve to get rid of the nervous nellies.
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