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

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To: wgh613 who wrote (669)1/10/2002 2:38:19 PM
From: Dave Gore  Read Replies (1) of 16631
 
MARKET ACTION: Stock Buy ** VTSS ** for trade @ 14.16. Tight stops. Strong relative strength on news/upgrade yesterday. It does need the SOX to rally however. CRUS is even a stronger stock but may be close to extended short term. I will sell if it dips below $14 for more than a few minutes and the NAZ turns negative and/or the SOX turns more turns negative. Not a high reward to risk play but it may work out. Risk is .25 points (with stops), upside is 1.00 point short term and 2.00 and 6.00 pts. intermediate term. IMHO.
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