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Non-Tech : The Gap -- Ignore unavailable to you. Want to Upgrade?

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



To: capt rocky who wrote (91)9/22/1999 9:28:00 PM
From: c. carlson  Read Replies (1) | Respond to of 189
 
It looks good to me, but I suppose it could work it's way down to the $26 level for greater support. The chart shows a big line at that level.

Yeah, at this point we are back to late 1998 value.

It seems hard to believe that the x-mas retailers will do badly in this economy.


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