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Non-Tech : CHKE-Cherokee

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To: Marty Leder who wrote (21)1/5/1998 10:38:00 AM
From: Rick Slemmer  Read Replies (3) of 46
 
Marty:

Well, I am surprised. I fully expected CHKE to dump at LEAST 5 points this morning; it's down 1 3/8 so far on only 8 times normal volume. It even went up to 14.50 in early trading.

I changed my mind at the last minute and cancelled my sell order, largely because it was in my IRA account and I thought I could wait out the drop. In fact, I bought a bunch more at the 11th hour. The stock is still slightly above my average entry price, so I see no incentive to sell yet (gee, I feel richer already).

What a goofy stock - I've never seen one behave like this. It's almost as if most traders are unaware of the dividend.

I'm still a holder. Let's see what this year brings.

RS
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