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To: Asymmetric who wrote (1323)7/27/1998 4:44:00 PM
From: Shelia Jones  Read Replies (1) | Respond to of 14427
 
Hi Peter, I took a look at TAGS today per your suggestion. They certainly have had quite a run. Holding pretty steady right now. Technically stochastics gave a sell on 7/21 (holding out well so far - only down 1 1/2 pts.). The recent money flow is somewhat negative and the OBV is steady.

Fundamentally I think the Limited's problems with flat sales may be a factor keeping an immediate upward lid on TAGS. EPS date is 7/30. First Call estimates 43cents. Forward looking statements in the c.c. most important IMO at this time in the apparel sector.

You are correct in that retail has its moves. I tried to buy some LIZ today. This morning I got to my computer late and put in a limit @ 38 3/4. It was at 39. So - to make a way too long story short - I ended up raising it to 40! I think I missed it by 1/8 or 1/16 - so of course it closed at 41, up 2 1/16. Probably still an ok buy under 42 but with TOM announcing Wednesday, I was in no hurry to be left holding it.