CarMax (KMX) - a recent IPO of a Circuit City unit Message Board

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Non-Tech : CarMax (KMX) - a recent IPO of a Circuit City unit

KMX 41.91

+0.1%

Oct 31 9:30 AM EST

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To: Chad Beemer who wrote (57)	5/10/1999 1:30:00 AM
From: Lawrence Burg	Read Replies (1) of 67

The run off 3 5/8 was a bit of a breakout. I'm not sure why support dried up the last few days to where the price collapsed. Maybe some potential "happening" fell apart. 4 1/4 is the 50DMA, so I'll be watching for support there. Also, if there is a return of positive volume, I'll be jumping on it. Momentum in the charts has also fallen away. I'd give it a few days to correct. Up until Tuesday-Wednesday, KMX looked very similar, and in many ways better than SEW & PIN, fwiw. Take a look at their charts the last 2 weeks.

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