Just For Feet (FEET) Message Board

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Non-Tech : Just For Feet (FEET)

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To: GERI EASTER who wrote (300)	8/20/1997 12:09:00 PM
From: Walter High	of 750

Geri: The stock chart today shows it opened in the low 12s, then went up to a little over 12 1/2, and is now starting to drift lower. I imagine a bunch of people rushed in to buy it right away at the low price, which is what drove it up to 12 1/2. Now that the rush is over, it will trend down steadily for a while. My guess is that FEET can be bought in the mid- to low-11s by Friday or sometime next week. I don't think there will be an immediate recovery in the price unless management comes out with some sort of statement with strong forward-looking prospects. We may have to wait for a strong quarter or two to drive it back up. Still, it is probably a good buy at 11. As long as they keep opening new stores, the price will have to go up or you will soon be getting a return of 100% on your money per year! Walter High

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