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Non-Tech : RAINFOREST CAFE
RAIN 6.480+9.6%Dec 18 3:57 PM EST
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To: Candle stick who wrote (1031)10/20/1996 11:17:00 AM
From: Dennis Vail   of 4704
 
Candlestick,

Thanks for your analysis.I would love to see RAIN back down at 20 but I doubt it will happen.Too many other people would be backing up their trucks along with me.I think 28 is possible with a market correction and I agree that that NASDAQ has reacted pretty weakly to news the last few days.(Retail suffering possible because the projections for a slow Xmas season)However in regard to RAIN I think there may be a 'intervening variable' messing with your charts.As part of the 9/19 offering the underwriters received an 30-day option on 450,000 shares at 31.50 for overallotments .The 30 days was up Saturday.That sounds like money in the bank to me with the share price at 35 plus.I think maybe some lucky 'overallotment' people took their free 10%+ gain.I'm not all that sure how the process would work and perhaps I'm just too cynical but I think thats what happened the last few days.

Regards,
Dennis
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