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: Curtis Cerenzie who wrote (217)	10/20/1997 12:18:00 AM
From: Frank P. Pearson	of 338

I am still in FM and believe Arnie still is also. I don't think FM has depreciated any worse than the rest of the market though. I think it's likely that with some of the recent market volatility, some have cashed in to lock in profits and maybe even pay down on their margin accounts given the recent blue chip drops. Earnings should be OK; sales are still doing well same store. If the market holds on I look for a solid kick back up again. Strong resistance in the neighborhood and a double top/bottom (I'm not sure of the correct terminology) But what I do know is that if the 17 line holds and then moves up from there, that will be the second time very recently (last 2-3 months). Frank

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