Larry Berman CFA, CMT, CTA
Great Atlantic & Pacific Tea Inc.
GAP-N
DON'T BUY
May 11, 2005
Getting extremely overbought. Looking at the highs for 2001 and 2002, it got above the $25 for a couple of months, but it fell back pretty hard. There's going to be a natural resistance for the stock to go higher.
Good relative price appreciation which is an important criteria for his funds, but he would also have to know what is it trading at for every $ of revenues and what are its earnings prospects. (He didn't have the figures, but urged the caller to check this out for himself.)