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Strategies & Market Trends : RAINFOREST CAFE (RAIN) RESTAURANT AT 136 P/E-

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To: Candle stick who wrote (9)8/27/1997 12:12:00 AM
From: Eduardo Canto   of 12
 
Dear Candle,

It's not my business what you do with your $ so be my guest and short Rain around $26.5 if you like. I will respond to some of your comments and other short sellers. You have two strikes against you if you short here: 1) there's a huge breakout point at $26.5 so big in fact that the stock will make a new high after breaking. If you know charts please look at it before shorting so you don't get killed. 2) the company is growing at such a pace that PE is irrelevant right now, Revs and EPS are growing so fast that the stock will have a high PE for 2yrs. because the future looks as good as the present. Don't forget how HD,SBUX,SPLS to name a few use to have huge PE for years.

Beware of shorting this stock my friends!

It's just my humble opinion.

EC
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