....lers!!! so be ready for the next increase in
interest rates which will definitely send GPS to about $35
a piece (for a more reasonable 35 P/E based on
12-month trailing EPS).
Sad but true, GPS is a
great company but one that Greenspan hates because it
heats up the economy putting pressure on inflation.
Same fate as GPS will suffered others such as WalMart,
Abercrombie, etc ect etc
Sorry, did someone give you the idea this is a
place for stream of consciousness? I feel like I'm
inside your head, hearing every thought, it's scary in
I don't think you're going to see too many people
wearing the vests, yet. Merchandise discounted a week or
two after it's displayed? Not likely. You're probably
vilified because you make statements like that
I doubt that you are a short, however -- you sound
too young to be playing the stock market. I suspected
it after I read that post of yours tonight and then
I saw this.
Good luck to the longs.
Thanks bear for thoughtfull postings. Hey at least this
slide didn't happen in one day, like BKE, eh?
GAP to buy some jeans. When I walked in I saw on
three different tables and on the wall racks their
"Boot Cut" jeans. Without picking one up first, I
really liked the colors, specially the sand-blast one.
Since I wear boots almost all of the time I was really
excited about buying a couple of pairs. The horrow when I
picked one up and unfolded it. Who did they use for the
fucking pattern, Sasquash! Those weren't boot cut, they
were bell bottoms. They were freaking wide as shit. I
wear a size 10 and the damn bottom covered 3/4 of my
foot, with boots!!!! I can honestly say that I checked
to see if any of these "boot-cut" jeans were being
purchased, and I saw no takers. Now, the store was packed
and there was a lot of buying, but definitely not for
the Big-Tex boot cut jeans.
What a joke.
My daughters (1 teen and 2 pre-teen) absolutely
had to have the new Gap vests...more acurately the
Old Navy Tech-Vests. While BTS shopping last weekend
we saw the Gap stores busy and Old Navy was a
madhouse. This company knows what it is doing when it comes
to marketing, and I predict these ugly vests will be
a huge hit...they already are on this coast.
During the last two weeks, Gap had a 30% off
sale. Its stock moved from $ 52 to $ 37. Still looking
for $ 35 per share. So the clones in Socal are buying
vests. How many did you buy for your son? Saw the "All
over my body" commercial, its OK. Not as good as the
swing dancers spots (the dancers were better looking),
but better than the pathetic Old Navy commercials.
Ditch the old, blonde lady. By the way, I looked at the
max chart on Yahoo for Gap. It appears to have three
periods: 1988-90 (Gap moves from $ .50 to $ 5), 1990-96
(Gap the market performer moves from $5 to $7.50 and
1996-99 (Gap goes from $ 7.5 to $ 52). Are we entering
another period of average growth for the Gap? Good Luck.
This stock is priced so low right now I had to
pick up some more this morning.
I went out
shopping for school clothes for my son, and had the same
experience as others....very long lines at Old Navy & GAP.
Also just saw the new GAP commercial (vests) this
weekend, everyone can believe what they want about the
heat in the east and the success of vests...but the
teens in So. Calif (where we are having great weather
right now)are buying like hotcakes! You are short
sighted if you think this Company doesn't set the trends
for GenX and GenY. I doubt you will see the price
this low again.