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To: RADAR ))) who wrote (2226)11/25/1997 7:32:00 AM
From: Dave H  Read Replies (1) | Respond to of 2403
 
Really? I'll have to consider getting back into it. The technical picture to my untrained eyes *has* been going up and up steadily, with a MA/MLR crossover a couple weeks ago i think. Could be getting ready for a nice breakout, but then again....

One thing I did find out about DRNK while looking at its thread-- apparantly it is being bought out by TRY, and apparantly at a value less than what the shareholders think it's worth. There are many on that thread voting against the "merger" and I also think there is some arbitrage going on.
After Doug initially said upside could go to around 4 1/2 with perhaps a retest of the 3 1/2 - 3 3/4 support range (I think that's what he told me), coupled with this FA info, I decided to back out and just watch. The people on the DRNK thread seem very strong on the company itself but not on the TRY merger.

If more people are considering this one, we should definitely look at how the deal with TRY is affecting the stock.

-dave



To: RADAR ))) who wrote (2226)11/25/1997 3:55:00 PM
From: Doug R  Respond to of 2403
 
Radar,

Triarc just closed the DRNK deal. I geuss they thought it was a screaming buy so they bought the whole thing.

Doug R