ANF: Abercrombie and Fitch
Looks like a pretty good company with growth and good expansionplans. It has had quite a run though over the last year or so. May beI am thinking from a short term perspective but when a stock is on adownward spiral and very quickly too, I am scared of touching it. Let it go down and consolidate. If it's a good growth company then you willhave plenty of chances to dip in when it settles.
One point to make of retailers is that they are very dependent on branding. Teenagers which comprise of ANF's biggest market havedifferent fads every year. Another dangerously scary piece ofinformation is that 90.3% of insider shares have been sold over thelast one year and that is excessively high.
I think you have a good chance of seeing the early forties and if you really believe in the brand then it's a good idea to buy it there asit has some technical support in that region.
There could be a dead cat bounce in the near future since it has gonedown very quickly but as a long term investor that's not what you arelooking for I presume.
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