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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants) -- Ignore unavailable to you. Want to Upgrade?

To: Arnie Doolittle who wrote (243)	11/5/1997 5:49:00 PM
From: David Kuspa	Read Replies (1) \| Respond to of 338

>>Remember, a 10 cent Jumbo Jack price increase translates into a 20 cent per share increase in earnings.<< Arnie, please explain this one! A poster on AOL's Motley Fool states that in August, Everen Securities had a 0-6 month price target of $23 and a longer-term 6-18 months price target of $29. Can't verify this, nor do I know if they've revised their targets since the recent slide. For the past 3 quarters, FM did not spike up immediately after earnings release; it took a week or so for price movement. Both 2nd and 3rd quarterly release dates had good upside moves a week later, while after the first quarter, the move was actually downward. That Jack antenna ball smiling from the top of my computer did bring me good luck! Sold 1/4 of my position at $18, bought last week at $16. (my first margin purchase, so I was sweating the earnings release) Nice predictable bounce. Holding the rest for $20 and above. D. Kuspa