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Non-Tech : American Eagle Outfitters -- Ignore unavailable to you. Want to Upgrade?

To: Alan Villalon who wrote (265)	7/27/1999 11:09:00 AM
From: Ron Kline	Read Replies (1) \| Respond to of 325

I think there is nothing fundamental that is bringing the stock down. Every stock I've ever owned always goes through a corrective phase and it often hurts to watch. I used to sell out at any sign of weakness in a stock, but often realized that it would go back up when I least expected it and I would be late and decide to buy something else. End result is I regretted it a year later when it often doubled again. That doesn't mean all stocks that go down do not have a reason to do so. My feeling the correction right now is more a thinking that if rates go up people will start to slow down spending some. Also sales now are probably slower now until September when people are buying to go back to school and we enter the fall season. One other thing I've noticed about apparel stocks is they tend to move early before a correction ends and then peak out early in an up stock market cycle. What that means is when you are ready to buy stocks after a correction many times these stocks have already made their big moves. I've done it many times with GPS and once with ANF, and it's frustrating until you see how they work, at least since I've been watching them in the last year. Ron