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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (4035)	5/11/1998 8:46:00 PM
From: Martin Nutty	Read Replies (1) \| Respond to of 78516

Hi James, Have been lurking on this board and enjoy your posts. Yahoo seems to indicate that volume in this stock is less then a 1000 shares per day. Today was a busy day, I guess, with 4100 shares traded. In an earlier post you advised that you were accumulating a position. It seems that it would be difficult to buy 1000 shares in this stock without causing a significant price adjustment. Did you accumulate your position buying relatively small blocks of shares?? How many trades did you have to make before you felt you had accumulated a comfortable position?? Martin

To: James Clarke who wrote (4035)	5/12/1998 7:32:00 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78516

James, I guess your correct about acquiring shares! Last I looked (from yesterday) Bid 6, Ask 7 on thin volume.

To: James Clarke who wrote (4035)	5/12/1998 10:31:00 AM
From: Kathleen capps	Read Replies (1) \| Respond to of 78516

James, Thanks for posting the info on PSO. I took a look at the SEC financials on EDGAR before the market opened and liked what I saw -- then decided to buy 400 shares (which were bought at 6 3/8). I am familar with their brand of shoes. Trotters are found in stores and from mail order catalogs that carry "hard to fit" shoes -- I wear a very wide shoe so I'm always on the lookout for these sorts of shoes. The reason they are carried in Norstrom and Dillards is that only the top of the line Dept Stores carry a wide size range of nice shoes. A few chain stores carry wide shoes but it's their own branded products (i.e. Red Cross Shoes and Hush Puppy). You will also find "Trotters" in mail order speciality shoe catalogs. I imagine you will find high customer loyalty -- once people find they like a brand of shoe (and especially if they are hard to fit), I expect that they would be repeat customers every year. Of course it's important that the quality stays consistant -- they aren't selling these shoes based on their being the latest in trendy style. What they are selling is fit and confort in a reasonably fashionable package. Kathleen