Foodmaker (Jack-in-the-Box Restaurants) Message Board

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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: David Kuspa who wrote (204)	9/17/1997 2:17:00 PM
From: Arnie Doolittle	of 338

David, FM's recent chart is nothing short of amazing. There's a picket fence at 20, with volume low since the most recent runup to 21. Someone is grabbing all they can at 20 but only occasionally reaching for the stock. Today they're a little bit more aggressive. The all time closing high is 20 11/16 on 9/10 and the all time high is 21 1/4 on 8/27. You're right, the stock wants to go higher and at some point we'll see explosive volume and the stock will spurt upward. I think today is a strong hint that the move is imminent. The volume over the last two weeks is starting to look like the Golden Gate Bridge, with the right side of the bridge just starting up. With the recent jump in Carl's, will FM be the next fast food company to attract the momentum players? We'll see. It definitely won't be MCD! Arnie

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