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Non-Tech : CHKE-Cherokee -- Ignore unavailable to you. Want to Upgrade?

To: Marty Leder who wrote (6)	11/12/1997 8:08:00 PM
From: Rick Slemmer	Respond to of 46

Marty: The market reaction in general is not too terrific at this time. I would certainly like to see 14+ once again. The entire NASDAQ is in a tizzy right now, and small caps like CHKE are caught in the downdraft of a "flight to quality." Most of my active portfolios are on the short side now, and until confidence returns to the markets, the principle direction is south. I'm still long on CHKE; the smart money (OK, maybe it's not smart, but it is significant) hasn't panicked yet. With tech bluechips like DELL, INTC, and AMAT probing for any kind of support 'way below their highs, I think Cherokee is weathering the storm just fine. And we do have that nice dividend on the books.... RS