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Strategies & Market Trends : LastShadow's Position Trading
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To: LastShadow who wrote (1090)10/9/1998 7:11:00 PM
From: Judy  Read Replies (2) of 43080
 
GPS

I posted that GPS was a positional short some time ago. With the climax buying in the retail sector and the help of the overall market, GPS did fall from 60ish to mid-40's.

Since my previous post, GPS had announced strong same-store sales, and the market responded favorably when it returned to a buying mood in recent rallies. My view is that GPS is no longer a positional short, stock should be traded as a long or short based on technicals now.
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