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StocksandBlogs.com

Time to Sell Abercrombie & Fitch

Merrill Lynch recently upgraded ANF, causing the stock to move up $5 since the new year began. I have been bullish on ANF since June when I recommended it at $55 and if you had followed my advice, you would be up 37%. However, it is time to move out of ANF now. Inventories have been building and while Hollister remains a fresh brand with plenty of growth potential, I expect the stock to pullback.

-- Faisal Laljee
Full Disclosure: I currently do not own any ANF, but my position can change anytime without notice.
Published Tuesday, January 09, 2007 1:50 PM by Faisal Laljee
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The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.


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StocksandBlogs.com
StocksandBlogs.com provides stock tips, equity research and markets commentary. This site will give you investment ideas that you can apply to your financial portfolio. By sharing my money making stock tips and research, I hope I can help you manage your wealth better - whether you are a long-term investor or looking for a quick trade, a bull or a bear. From Wall Street to Walmart, Commodities to Foreign Exchange, you will find it all here. My name is Faisal Laljee and you can email me anytime at flaljee@mail.stocksandblogs.com

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