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Non-Tech : Helen of Troy Ltd (HELE) -- Ignore unavailable to you. Want to Upgrade?

To: Rambi who wrote (214)5/11/1999 5:25:00 PM
From: Chris Nevil  Respond to of 295
 
There were several decent-sized blocks that crossed. It looked as though another institution was bailing out or lightening up. I also get the impression we have the company of some day-trading shorts that, knowing how thin the stock is, wait for just such pressure from the institutions to pile on alongside them.

The stock seemed to pick up buyers at around 13. Here's hoping.

It is just ironic to see this kind of action on a day when Wal-Mart, a large HELE account, reported such solid results. Not to mention it appears that HELE picked up (or regained) coverage from a third analyst at a "strong buy" in the past week or two.

The company does a great job but the stock sure tries one's patience!



To: Rambi who wrote (214)5/11/1999 10:45:00 PM
From: Steve Mintz  Read Replies (1) | Respond to of 295
 
There may be some holders nervous about the fact that substantially all of HELE's merchandise is manufactured in China. However, this is misguided as HELE does not do business directly with the Chinese gov't. Rather, they contract with Hong Kong based entrepreneurs who own factories in China.


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