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: Bruce A. Brotnov who wrote (7785)	6/7/2002 7:49:52 PM
From: Dave Gore	Read Replies (2) of 16631

LOL! For the benefit of newbies to this thread there are all kinds of traders and investors, from scalpers to those buying stocks for the long term. I rarely do the former or latter. But intraday trading is far safer these days overall. I wish it wasn't so, but it still is. As we've seen, even fundamentally undervalued stocks like ESST, AGM, ACF, SGR and others at times will drop 20-80% for no sound reason. So it makes sense to buy right and sell right to maximize. TYC was a great example today. People panicked when it went below $10 early, than it ran to almost $12, then started crashing on the Moody's downgrade and ended near $10. There were three lucrative trades in there, if you played the peaks and valleys right. If you just bought and hold, you were luck to breakeven. Have a Great Weekend, Everyone!

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