RAINFOREST CAFE (RAIN) RESTAURANT AT 136 P/E- Message Board

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Strategies & Market Trends : RAINFOREST CAFE (RAIN) RESTAURANT AT 136 P/E-

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To: Terry Audette who wrote (4)	10/29/1996 8:14:00 PM
From: Candle stick	of 12

To anyone following this thread, I covered my shorts today at 30 3/8. There is good trendline support at 30.25 and the stock has fallen 20% from the alltime high just a couple of weeks ago. Also, earnings are due out tommorrow, so squaring up seemed to be the prudent thing to do at this level. Remember, both bulls and bears make money but pigs get slaughtered. I still think that if 30 dollars gives way the stock will go quickly to 28 and then to 20 eventually. I will wait until after earnengs report to reevaluate. Best of luck to all.

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