Sunglass Hut RAYS- Will it ever breakout? Message Board

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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: Michael G who wrote (919)	12/29/1998 8:13:00 PM
From: Gary105	Read Replies (2) of 971

Some thoughts: 1. The next significant announcment from RAYS will most likely be about Dec sales - announcement most likely the end of next week. 2. My guess is that there is no announcment about web site for a while still. 3. There is a lot of resistance at 200 D MA ($8) which will most likely take a while to overcome. 4. IMO as long as sales are reasonable it should overcome 200D MA with time (ie seasonal effect) and most likely see low double digits as result of seasonal effect. 5. A web announcment will have greatest effect on stock price AFTER it is well above 200 D MA not before and it has potential for sigificant effect at that time. Maybe this will be the first announcement or maybe it will be the second or third web announcement (eg re. sales from web site). Conclusion: its a seasonal play and its season is approaching. web announcement will most likely NOT occur for a few months - at that time it has potential for large impact - right now (when stock is below 200 D MA )it doesnt. Enjoy the sawtooth upward seasonal effect thats yet to come in the interim. All imo, Gary

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