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Jack in the Box Inc. Message Board

  • katana100 katana100 Jun 23, 1998 3:23 PM Flag

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    Has anyone noticed the increased buying pressure
    in FM?
    I have been following this stock for two
    and half months now and own a sizable position in it.
    My analysis shows that if this stock breaks 17.50
    significantly than this stock can move to 20 and test the
    previous high. It has a lot of support at 16.5 - 17.25.
    Also, on a recent trip to the midwest, my friends and I
    saw a large number of JIB restaurants. And since we
    were there we had to taste the food. I was pretty
    good. Wre also baught the antenna balls as a satisfied
    customers.

    Well good luck folks.

    BUY FM! BUY
    FM!

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    • I agree with you about the
      $17.50..............there seems to have been a large block there today
      which kept the stock at bay. If you follow Point &
      Figure technical analysis, you would want a break thru
      the $18 for a 3 box reversal....then a test of a new
      high....... Good Luck and we'll see how it all pans out!! The
      earnings should be strong, as this is the best time of
      year for them!!

 
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