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

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To: Dave Gore who wrote (4552)3/27/2002 4:08:37 PM
From: Dave Gore  Read Replies (2) of 16631
 
ESST WATCH (20.41): Well, even more enticing here at 17x next years earrnings and 22x this year. Competitor ZRAN is about 35x next year and about 50x this year, I believe. They really momo'd this up today at the open to over $22 and then took profits, but the bottom line is that this is a good company and I picked it up again near the close. Just a 1/2 position for a second try.

This time I will set my mental stop just below $20. The Naz finished above 1825 and the SOX did OK at the close.

It is hard to pick bottoms especially on low volume days due to the manipulation on the slightest market moves, so I am giving my more favorite stocks more latitiude and willing to hold for a few days or even weeks if the overall Market stays above important support.
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