sold my position up 20%. might buy some later in the year since yeezy's line doesn't come out til 2021.
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buying gap shares is just dumb
you might make a little bit from the yeezy hype but i guarantee its not worth it
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Earnings report at 5
If they surprise in a good way this is going straight to the 20s
If they didn’t hopefully it starts sliding back down for another buying opp
honestly hope the earnings are bad and it drops back down to 12-13 range so i can double down
Stocks still above 17.5 after the market close and trimestal report.
Tomorrow the market should open around 17$
Okay so GAP beat estimates pretty substantially but they still weren’t profitable this quarter with a 18% decline in sales from last year.
Seems like the market expected a bigger loss and also GAP heavily pivoted to online sales so this seems like news that will make the stock either go sideways or contain to rise.
All that said the market is extremely unpredictable and anything could happen.
In a Macro sense I think if you want to get in, now may be as good a time as there will ever be for you to still achieve that 3x long term because it may just continue to rise.
If you’re committed to the vision buy the dips along the way just be careful to follow the overall direction of the company going forward in case things change
insaneeee