GPS Gap Inc.

On August 20th and again on September 12th I wrote about what I saw as a pending short term market correction, and I made specific reference to my view that retail stocks looked ugly. Many retail shares have sold off sharply since then, and GPS ($17.19) is among them.

In spite of its recent severe share price decline, the GPS picture still looks ugly among retailers, most of which are still selling off. These include AEOS, BBBY, BBY, CC, COST, FD, HD, JCP, LTD, SBX, WAG and WMT.