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Non-Tech : RAINFOREST CAFE -- Ignore unavailable to you. Want to Upgrade?

To: Richard Phillips who wrote (4577)	2/13/1999 10:12:00 PM
From: Dan B. Brockman	Read Replies (1) \| Respond to of 4704

I am sitting her wondering about all the old timers who held RAIN for so many earnings reports and unit openings and are now bailing out to go into EMC and TLAB and the like. RAIN's p/e is about 10. The p/e's on the others just bought are in the 40's to 60's. This is madness. It's momentum investing, not value investing. Watch yourselves guys and girls, it might be that RAIN will be going up instead of falling, and TLAB will soon be telling you a story of missed expectations just like RAIN did one year ago. I guess you could say I am a contrarian investor. BTW I own shares in EMC and TLAB and RAIN among others but at much lower entry prices on EMC and TLAB. I am underwater on RAIN but might buy more.