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

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To: Jane4IceCream who wrote (456)1/6/2002 9:07:39 PM
From: Dave Gore  Read Replies (1) of 16631
 
Thanks, Jane, you are doing some great R/R plays it sounds like. They fit part of what we're all about here, finding the RIGHT BUY PRICE for short term or longer term opportunities on intraday or temporary weakness. I especially look for over-reactions to the downside and wait for selling volume to slow and the stock to retest key support successfully in a favorable market or sector.

I listened to TQNT's entire conference call "live" and it sounded a bit dim but there was definitely some light at the end of their proverbial tunnel. Management was very straight-forward and I came away thinking that $10-11 was too cheap for TQNT, once the tech market rallied. I concentrated more on SLR (since it offered a classic, high reward, low risk play for short and longer term gains) but I sure watched TQNT, too.

Many people miss opportunities of this kind. They simply say, TQNT or SLR are a POS. Well, that's not what it's all about, IMHO. Almost any stock (and especially former proven performers like SLR and TQNT) can be worth buying if they reach the RIGHT PRICE." And often they represent less risky trades, too.

Of course, there is nothing wrong trading the better performing stocks on pullbacks to support in a favorable market either. That is what many publication like IBD recommend and on which they have made their reputation.
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