This is a fact brother not a rumour, Eddie Lampert (ESL Investments) and Stevie Cohen (SAC Capital) Greenwich, CT hedge funds have been buying the GAP for a few months. They are huge players who think that GAP is a good asset and is oversold and undervalued. These two investors are among the smartest strategists on Wall Street.
Don't take these investors lightly. The majority of international bigtime investors would mortgage their homes to get a glimpse of what these market gurus are thinking. So if they take a position in GAP it is noteworthy. Eddie is the brains behind the SearsHoldings merger of KMart into Sears and also is a majority owner of Autonation.
I think he has plans for the GAP. So buy if you have the cash and hold them if you don't. My view is you will make bigtime profits betting with these hedgies.