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Non-Tech : Mossimo

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To: Winston Kim who wrote (70)6/30/1997 3:36:00 PM
From: geoff arms   of 81
 
Winston,
I don't foresee a turn around until the company tells the investment community something good. Personally, I don't know why the stock climbed up from $6. There is probably no good news about this quarters earnings, and people with inside info are trying to dump before it comes out. This is only my guess. Mossimo has a history of pre-releasing earnings info, so don't be surprized to see some news.
I saw an article that stated a 33%+ growth rate for "branded" active wear, but Mossimo was not even mentioned as a player let alone a leader. It's a shame.
Try some of the Y2K stocks. I have been doing pretty good with them. It's a growth situation.
Hope MGX falls a little more so I can avg. down. Good luck! geoff
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