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

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To: Dave Gore who wrote (10773)8/7/2002 10:32:57 AM
From: Prophet  Read Replies (1) of 16631
 
oN acf, THE STOCK HAS BEEN SO HEAVILY SHORTED, PROBABLY BY BIG GUYS, THAT THEY NEED TO KEEP THE PRICE DOWN TO COVER. eVERYONE EXPECTED ACF TO REPORT BAD NUMBERS, BUT INSTEAD THEY REPORTED FABULOUS NUMBERS. WITH THAT SAID, i WOULD BE VREY CAREFUL OVER THE NEXT FEW DAYS, AS THIS RALLY HAS THE SIGNS OF A FALSE START AND ACF COULD SEE MORE DOWN TURN. dON'T FORGET ALL THE ECONOMIC DATA COMING OUT TOMORROW AND FRIDAY. IN ALL LIKELYHOOD, THOSE NUMBERS WON'T BE EXPECTACULAR. NEVERTHELESS, I WOULD AGREE WITH THE BOARD THAT THE STOCK IS PROBABLY AT A GOOD ENTRY POINT.
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