CHRS - CHARMING SHOPPES (FASHION BUG STORES) Message Board

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Non-Tech : CHRS - CHARMING SHOPPES (FASHION BUG STORES)

CHRS 1.565

+1.3%

Nov 5 3:59 PM EST

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To: Dave Walp who wrote (1)	10/25/1996 6:50:00 PM
From: donald sew	of 128

Dave Sorry I did not respond earlier. There were strong technical indicators of a breakout upwards, which became apparent yesterday. Yesterday the volume increased to 2 million, and today it closed with 4 million and the stock was up slightly to 4.75. I believe that the recent downward earning estimate dropped the stock to 4 3/8 - 4 1/2. Last years 3rd quarter called for a loss of 24 cents; up to about a week ago the estimates for 3rd quarter this year were for 0.00,which is a huge turn-around. Sometime last week the earning estimate was revised downward to -.01. Big deal, but the stock dropped substantially. I loaded up on the April 5's at 7/8 yesterday. This is a great option - plenty of time and under 1.00 for a stock with strong potential. Seeya

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