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: Smart_Money who wrote (2209)	2/4/2002 2:23:20 PM
From: Dave Gore	Read Replies (2) of 16631

WCOM entry below $8 seemed pretty good to me. Book Value has to stand for something. Just like TYC @ $28 a few days ago, at some point things get overdone, if only for a quick trade long. I am not marrying stocks like WCOM or TYC, but at some point they offer a nice R/R for the quick trade, especially if the market starts to stabilize or come back and the OBV turns positive. That's the key! If you can buy them near the LOD when this occurs it's not that you will make a ton of money, but the odds of losing much is small if you cut your losses if the stock goes below the LOD and the market weakens. (i.e. you risk about .25 pts and can make potentially .75-2.00)

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