Many of you called and emailed and asked about True Religion. I am doing careful research with a person that is an expert in the field of specialty clothing. He hasn't come up with all the answers yet. I will include his info as soon as I get it in this commentary. We flashed a quick sell signal on the 1st once the stocks price dropped below 25% of profits level. We may have been a little below that level but it dropped too fast to get it perfect. The problem is all sophisticated investors will sell once a stock reaches a high level of gain and starts to fall in price quickly on very increased volume. True Religion was a victim of its own success. It moved too high too fast on the news that it had its first profit and that it was being shown in more and fashion Mags It was also opening up more and more distribution centers globally. More and more Celebes were being photographed wearing the Jeans.

The bottom line is that a too high stock price coming too soon did it in. The good news is the stock hasn't broken through a trend line I consider important ---- 1.25. If that holds the stock in time will over come the crash. If not it could go to the floor. The 1.25 support area should be the point you sell if it moves below that point.

Kenneth Coleman