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Non-Tech : Bombay (BBA): Time for a run up?

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To: Alex Wulder who wrote (38)9/23/1997 1:08:00 PM
From: Arnie Doolittle   of 202
 
Alex, if you consider the last several months, you'll see that no growth/ negative growth has not impacted the stock. In fact, the stock has gone up. That's because the full new line wasn't in play yet. My guess is that 5-10% will be positive for September, higher for the rest of the year. Since the catalog came out mid-month, September will be just a hint of things to come.

Today's early morning activity was interesting in that someone sold 3 blocks at market at 9:50 a.m. or so and then order returned. Looks to me like someone capitulated. Could we have seen the gap closed and the bottom reached this morning before the next leg up begins? We'll see but I think we have 3-4 more trading days before the real action begins. If my basket wasn't already full, here's where I would add.

Arnie
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