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

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To: Elwood who wrote (523)8/24/1997 10:01:00 AM
From: Steven Angelil   of 971
 
E,
I've been the biggest bull in this stock. And at this time, I do not see ANY reason to hold on. As I said the time before, the ONLY reason I am holding some shares now is because I don't want to pay big brokerage commissions now. I am transferring my account to Aufhauser, and that should take about a month. After that, we will have an idea if it was right to hang on or if we should have bailed 100% at any cost. If you would have asked about selling, I would say sell if you can get 8. However, it seems 7 1/2 is holding. Don't know for how long though. If it doesnt hold, it will probably retest 5 1/2 for like the 12th time. If that ever happens, and the stock indeed holds there, that would be the time to back up the truck. Tough decision now, huh? Good Luck to both of us, and anyone else still long.

Steve
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