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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (1090)10/9/1998 7:11:00 PM
From: Judy  Read Replies (2) | Respond to 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.



To: LastShadow who wrote (1090)10/9/1998 8:31:00 PM
From: Dave Shares  Read Replies (1) | Respond to of 43080
 
FOSL

This is a Thomas Sterner pick. Large Volume today on what looked like quite a few large blocks, some funds changing hands, I don't really know.

Scott, if you can give an interpretation of the day's activity for FOSL, I'd appreciate it.

Thanks,

David


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