Cracker Barrel(CBRL) Message Board

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Non-Tech : Cracker Barrel(CBRL)

CBRL 29.99

-0.5%

Jan 9 9:30 AM EST

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To: JERRY QUISENBERRY who wrote (1)	9/10/1997 12:05:00 AM
From: DJRoss	of 76

CBRL is looking incredibly strong at this point. I actually went agains the flow and bought Jan 25 puts. This is going to be a scary ride. I bought these on a options letter recommendation, and several of my positions based on newsletter recs have been excellent plays. The rationale behind the CBRL play is sketchy for me, and I am currently in the process of getting more information as to why I should hang onto these puts. CBRL to me should have a boom at christmas time. The only thing I can find at this time that would be threatening to current levels is a major market move downward. I do believe that we are setting up for a crash in the fall, but I am still not happy about being on the wrong side of a trade. Will check out the split scenario. Good luck on your investment.

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