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Non-Tech : SIRN - Sirena Apparel Group: Undervalued But Moving Up -- Ignore unavailable to you. Want to Upgrade?

To: Steve Hufnagle who wrote (18)	5/7/1998 7:16:00 PM
From: Dave Hanson	Respond to of 161

Mainly, when (1) SIRN shows it can sustain a trading range (which may not take long--for all I know I've missed out on what will be a big upside move early tomorrow, but risk/reward doesn't seem worth it), and (2) reduction in general market jitters leading to high-flyer vulnerability, esp on small caps with low volume and big recent run-ups (you probably noticed this with NCES today.)

To: Steve Hufnagle who wrote (18)	5/7/1998 11:24:00 PM
From: Sword	Respond to of 161

The retail spending environment is doing quite well. See cbs.marketwatch.com from which the following quote is exerpted: "We were very encouraged by all of it," said Sally Schaadt, an analyst at Fourteen Research. "It kind of indicates that apparel is coming back. We knew that was better for profit margins, but of course every year we were disappointed that people were spending money on cars and VCR's. Now, all of a sudden, maybe people are really going to buy more for their wardrobes." On a personal note, my wife is certainly buying more of late. I believe that a large part of the market profits that are being taken a bit by the public will be spent by the wives of the investor community. My wife's wardrobe budget has skyrocketed since our net worth has increased. U.S. retailer rising sales have caused the Retailer S&P Index to pop up 21% during the first quarter of this year, well above the 15% increase in the broader market. I've noticed other retailers like Nordstom (which has changed its mangement strategy just recently to focus on shareholder value), K Mart and others doing very well. K-Mart stock has risen 80% since the start of the fiscal year. If the SIRN story is real and the company truely is in a turnaround condition, this stock should be a very valuable portfolio addition. -Sword