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Gualberto Diaz

The Art of Money

Denim Glut? What Denim Glut?

Posted on 08/17/2006 10:27 AM | Link | Post Comment

Just read this article that said denim, and premium denim in particular, was not only still strong, it was still growing!  Hmmm..... with a consolidation of players and strong growth, this can only mean good things for True Religion.

Speaking of True Religion, we've had a nice price spike over the past week.  My guess is they've found one or more interested parties.  I had a rather large sell order yesterday at 19.25 that got ripped through around 2:30.  I've heard rumors that ANF is interested in the company.  Only time will tell.

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