Jeff B., Jim C., Mark M., Bob R: Thanks all for comments related to GPS.
I talked with my wife’s friend and conveyed a summary of thread responses regarding Gap prospects and other factors that affect a decision, such as the portion that GPS is of the portfolio, prudent asset allocation, and risk tolerance.
She tells me the amount of GPS is only a small amount – she had sold most of it when the stock got to the $70’s, after she held through several stock splits. Her big concern is that GPS does not become another K-Mart now and GPS stock go to 99 cents.
(I don’t like it that I now have the feeling this “novice” investor might be a more successful investor than I am. –g-
And maybe on days like today I ought to be asking HER for advice on what to do. –g-
Must be that Lynch thing – she bought the one mall company she knew, and she held on until the right time to sell.)
She says based on what she feels and what she hears from me (us) now, she will hold her shares “for a while”.
Aside: In our conversation I said that I don’t own GAP and that there were no people on the thread who said they were enthused about the stock now or Gap business or clothes. Then I mentioned to her of reading here where a couple of people do shop –Coach, Abercrombie, etc., and I asked this woman about having alternative choices for her money if she did sell her GAP shares. I said for example that I own Quicksilver (Roxy brand), Gadzooks, and Skechers. She commented that Quicksilver stock ought to work out well – its Roxy is VERY popular with her kids and their friends. I mention this fwiw – which is not much – very anecdotal. Nevertheless, I’m hoping she is as right about that stock as she apparently has been about GPS.
Thanks again,
Paul. |
