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Non-Tech : Sunglass Hut RAYS- Will it ever breakout? -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (808)	3/8/1998 8:39:00 PM
From: Bleeker	Read Replies (2) \| Respond to of 971

I know it hasn't been a week yet for this post, but this time may actually be different than past earnings announcements. I am hearing from a hedge fund source that RAYS may take a one time charge as well and that this will provide a significant boost to the stock this week. The upshot: RAYS balance sheet should be clean after this charge. Assuming that year-over-year same store sales remain in an uptrend, price targets will likely be raised to the high teens from the current $12. We are likely to see more bullish upgrades from the analyst community as early as this week. This confirms some of what Marc has been saying. But I wanted to share the information before earnings are announced. One last thing: I would think that there are already a number of short sellers in RAYS who--based on past history--are betting that the stock will slide on profit taking or average to slightly above average earnings. Except earnings are not going to be the only issue this time around. Be careful. cheers, Bleeker