Dave Gore's Trades That Make Sense Message Board

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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 9:36:35 PM
From: Baton	Read Replies (1) of 16631

Jane: If you remember, ENE had some quick recoveries before it finally took it's final swan dive. I think HAL is ready for a bounce right about here. One reason is that the big funds have a 90 day "grace" period where investors won't get to see what they are holding. This is a ripe time - now that the quarterly reports are out - for funds to play it for a bounce. If it recovers, they keep it and tell their investors how smart they were to buy at the bottom. If it does not recover, they will sell it before the next quarterly report and their shareholders will be none the wiser. I think that is one reason ENE tanked so quickly - fund managers wanted it off the books before the EOY reports. Of course, a little constriction in the supply and significant hike in oil prices would help HAL immensely. I bought some July 15 calls and some January '03 20 leaps. At this point, the call premiums are all I am willing to lose. If there is some institutional buying this week, I may add some shares. The danger of course, is holding overnight and waking up to a news induced disaster - but that can happen to any stock. Best of trading. Baton

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