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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?


To: Lyn Benson who wrote (162)12/29/1999 6:52:00 PM
From: Sergio H  Read Replies (1) | Respond to of 1404
 
Lynn,excuse the intrusion. I've been hearing nothing but good things about CHS. Perhaps we'll see some price appreciation in the stock in the new year.

One of the catalysts could be the xmas sales, which typically account for about 10% of the year's total. This year has been a very good year for retailers from what has been published so far. Sale stats for XMAS are expected next Thurs. - Jan. 6th. Could set the ball rolling. Also seasonability could be a factor as clothing retail stocks generally have their best quarter in the beginning of the year.

Sergio



To: Lyn Benson who wrote (162)12/29/1999 10:43:00 PM
From: Jibacoa  Read Replies (1) | Respond to of 1404
 
LYN:

CHS: Has been on a down-trend since September 14. Today it closed down 1/16 (-2.70%) It seems with tax selling it may retest the low of Dec 14 around 2. I don't think it is going to test the March 1999 L of 1.625

However, you have to remember that CHS has been able to rally rather vigorously in the past. (Look at December 1997 when it went from a low of 0.875 to a H of 9 3/4!!!

The largest weekly volume this year was on the first week of April, when it had a volume of 3,437,00 and most of it was on the up-side with a H of 3.437 (Rallied from the March L's)

More recently the volume for the week ended 12/17/99 (494,000) was more to the up-side.

Most of today's volume (61.46%) or 23,600 of the total for the day of 38,400 was at 9.35AM and it was unchanged at 2.312

The last reported earnings for the Q ending Sep 30,1999,
(the 1st Quarter of the 2000 fiscal year) was up 26.8% vs. the previous year. ($0.16 vs $0.13)

The insiders still control 70% The institutions 6% which is 20% of the 8.10 million float. One caveat is that there was 232K shares sold by the institutions in the last reported Q.

Bernard