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Non-Tech : CHRS - CHARMING SHOPPES (FASHION BUG STORES)
CHRS 1.565+1.3%3:59 PM EST

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To: Dave Walp who wrote (6)12/5/1996 5:32:00 PM
From: donald sew   of 128
 
Dave,

I'm still in and also waiting patiently. I use to deal with them directly and still quite famiiliar with them. They are going in the right direction - just have to give it time for the stock. I feel that the stock will start moving soon for 2 reasons. It's XMAS shopping time (their biggest quarter), and the technicals looks fair-to-good. Doubt that CHRS will be a rocket, but we may see a surprising pop in December.

Getting back to the technicals - CHRS has formed a very strong base at the 4.50-5.00 range, and several times it has hit 4.50, whereafter it would bounce up a little. In many cases - the longer the stock has been at a base range, the larger the pop once sentiment has changed.

Be patient - but don't expect a rocket. I got the April 5's Calls.

Seeya
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