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Non-Tech : Hills Stores (HDS)- 7th largest retail chain
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To: Mr. Jens Tingleff who wrote (133)10/28/1998 6:18:00 PM
From: Bosco  Read Replies (1) of 201
 
G'day all - dear Jens, fwiw, I doubled up my meager position today. I am not good in predicting stock price, so I won't prognosticate. Besides, I think SI participants are a smart bunch, it would be an insult to tell them something I was not so sure myself <vbg>. However, my purchase today was motivated by 1) my continuous belief that HDS is undervalued; 2) it will not go under; 3) regardless of whether Mr Raven jumped or was being pushed, there is a change. That means that the BoDs are trying to find solutions to the recent problems [I take it the the switch from the soft goods to the hardwares has gotten into some head wind;] and 4) the recent technical chart seems to suggest a triple bottom formation. Hopefully, 1 3/8 is as low as it can get.

To provide a bit more information, in case there is a technician lurking in the midst. Mine got filled at 1 7/16 toward the end of the session. This is the only thing I am not sure, as 1 7/16 was the lo of the day.

Btw, what is the status of the POS system? As I ve indicated in my prior posts, it is vital for HDS to improve its margin. Its COS was simply not good enough. It was my hope that the new information system should provide such leverage.

best, Bosco
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