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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Joe Stocks who wrote (9374)7/10/2002 9:42:04 AM
From: Bruce A. Brotnov  Read Replies (1) of 16631
 
Joe, take a look at their growth rates and not a single blip since 1998. Some people can't stand a prosperous stock and constantly weigh in with nasty rumors, etc.

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After 911 they said it couldn't meet it's estiamtes and shorts bashed it down 50% and yet it beat its estimates. Acu.. is a shorter and says ACF is going to 0, at least that is where he and his friends hope to follow Herb Greenberg and his attack column to. Anywhere Herb is you can count on scores of Hedge Funds piling on any of his targets. Look at ESST that has 16M short interest as another example.

I bought ACF when it bounced off 14 on one cycle in 15s and held to mid-30s and the next cycle attack I bought when it had bounced off 18 and was around 20 and sold in 30s once again.

Why do I like it - it makes money for me. Anytime a stock drops on stupid logic, it is usually a good buy, just like RMCI. They bashed it down as they are in personal locator business (jobs) and the rational was if the economy improves they won't have as much business or profits.

Bruce
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