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G-III Apparel Group, Ltd. Message Board

  • wallstreet_donor wallstreet_donor Nov 30, 2011 5:22 PM Flag

    Dow up 805 this week; GIII up $0.54

    If GIII is up $0.54 this week when the Dow is up 805 this week, then GIII will climb back to $30 about the same time the Dow crosses over 29,300.

    When the Dow droped 800 points over a couple of weeks, GIII stock price is chopped down by nearly a third.

    Time to sell calls and buy puts on GIII. GIII has been kicked into a basement full of quicksand.

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    • I was thinking the same...sold mine yesterday at 18.49...took the loss but this thing is broken....not sure the issue here, margins, lack of cold weather, or what, but it's clear not one wants it at the moment.

      • 1 Reply to biggunnz123
      • I can't figure it out as well. GIII hitting a 2 or 3-year low today after the market rockets back up over 12,000 is bad news. I am sure worry exists that GIII will follow PERY's lead and have a monumental blow up after earnings next week. However, PERY's issues right now are at least partly due to certain incompetent management that was fired and replaced. GIII not experiencing the same issues right now. Margins are also a worry this quarter as it was last quarter. However, the market is pricing this stock as if margins are going to erode away two-thirds of GIII's profits over the next 12 to 24 months.

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