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: Chris Nevil who wrote (286)	1/21/1998 4:34:00 PM
From: David Kuspa	Read Replies (1) of 338

FM finally broke though some near-term resistance, up 7/16 to $16 3/8 today. This was a very strong move on a day when the market was down. Yesterday, we had two large block trades (several hundred thousand each); today we had a 250,000 trade. It looks like the selling might be over and we're back in a period of accumulation. If this year's 1st quarter ends on the same date as in '97, Jan. 19th, then it's possible that good news is just now leaking out from the quarterly numbers. Ok, so it's not supposed to happen, but we all know it still does. These large block trades and moves to the upside started on the first day the market was open after the close of the quarter. The other possibility is that there are some developments on the lawsuit with Vons, and we're not hearing about it. They were supposed to go back to court after this most recent delay sometime at the end of this month, I believe. Either way, we'll probably get a continued boost from the typical pre-earnings release rally. Earnings should be coming out by February 6th or thereabouts. D. Kuspa

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