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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (24424)4/9/2002 1:00:03 PM
From: Dave Gore  Read Replies (1) of 25711
 
Joe, I know you and I like the slow, steady movers. If HQNT gets above $1.00, it will likely become a momo play (since it is now on many radar screens) and I will sell out my personal holdings if that happens and runs too fast near $1.50 or $2.00. Of course, I will buy back when buying slows down and falls back. I think it really deserves to at least be above $1.00 fundamentally, maybe $1.50. Then, if they execute as expected, maybe $2.50 to $3 by year end, since that could be a 17-25 PE by then.

This is a LT choice for me, obviously, but I am not foolish enough to hold if it ramps up on a momo, but I certainly will buy it back because of their rather large potential.

Thanks for your support,
Dave
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