Updates on AAPL, GOOG, BIDU, SBUX + I went to go buy socks in Old Navy and ended up buying my entire summer outfits…I know, lame. I’m hooked on Old Navy retail stores and growth in it’s stock
First updates on my practice trades for AAPL, GOOG, and SBUX.
AAPL is doing what I expect today it hit a high of $231 and ended at $226.
GOOG’s big buying support wick from yesterday showed continued strength into it’s second day making the stock hit around $572. So it definitely wasn’t a false signal and GOOG will likely move up into a 3rd straight day even though from my experience most Fridays stocks kind of sag.
BIDU’s big selling wick on the 233 chart showed up again today closer near the top and BIDU when from $608 to $584 at one point a 20 point move down. Short term selling is happening.
SBUX charts show downward movement and went down again as predicted to around $24 which would have been a realistic 10-25% profit on a put option play.
Now the fun stuff, shopping. So good news today I finally got PAID! My Gi Bill money benefits are coming in and now I can pay all my debtors. Yeah! On my way to my Wachovia (WA) bank (only a few in NYC) I passed a hidden huge Old Navy (GPS) store in a building. Everything in NYC is just kind of fit into a building hidden away.
Since I couldn’t do laundry for almost 2 weeks I had no socks and was dying for a pair. I go in JUST TO GET SOCKS and then behold “the clearance” section! Well I bought some summer sports collared t-shirts (made for tennis/soccer/golf) but all look professional so I can stay cool and nerdy. Then I got two pairs of shorts and a hat. Cha-ching $149 dollars later I leave the store thanks to Visa (V).
Old Navy is owned by the Gap Inc (GPS @ $24). This store runs like a McDonalds (MCD) version of retail. Quite amazing, clean, friendly, and affordable. This is definitely a great company I really don’t hear about in the news although they own many retail establishments with over 3000 retail stores. The stock just recently double up 100% after the 52 week low of the general market. It has a low P/E of 12. It also has a PEG of 1.24 so this would be in the definition of a Warren Buffett stock to own I’d think. I’d say the store is definitely still growing too. The store concept and beginnings I believe are less than 10 years old but have gained quite the popularity among the 15-30 age group that spend money. When in the store it was packed with twenty-something trendy females crazy about the clothes. Sadly, some young child in Indonesia (as stated on clothes tags) are probably being forced and badly abused in the Gap Inc. underpaid working camps where long hours and abusement run rapid. It’s a sick sad world, but I can’t let these clothes go unloved and to waste right?
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This entry was posted on March 26, 2010 by Paul Awol. It was filed under aapl options, AAPL stock report, bidu, big growth stocks, big swings in the market, how to invest in old navy, what retail stocks are the best to invest in 2010 and was tagged with 2010 GPS growth stock, aapl, bidu, buying socks and spending more, free GPS stock report, Gap Inc analyst for stock, goog, how to invest in Old Navy stock, old navy stock investor, SBUX stock report updates, what retail stocks are the best in 2010.