The Gap Message Board - Msg: 11329492

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Non-Tech : The Gap

GPS 24.38

+4.9%

Oct 28 3:59 PM EST

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To: capt rocky who wrote (91)	9/22/1999 3:37:00 PM
From: Barnhart	of 189

The Gap chart compared to the composite of other retail stocks is well within range. It looks to me that everyone is selling retail stocks, not just a Gap sell-off. The Gap is selling at its lowest PE ratio of the year (because it is now trading at the lowest point all year.) and is 6 points below its starting point for 1999. The PE is also near the low range 1998 The stock has been trading downward from mid July and the volume has been incredible since August. Technically, it is a buy on many levels. But, I can't see anything that says the sell off is over. It is also following down the Bollinger Band since Sept 7th. I'm going to wait for more sideways or upward movement before selling anymore puts. Earnings come around Nov 17th. Brian

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