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

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To: acuransx_2000 who wrote (12346)9/17/2002 5:59:28 PM
From: Dave Gore  Read Replies (1) of 16631
 
Acu, my you're on a rampage, aren't you? I'll have to call you Mr. Manic.

Sometimes you suck up and sometimes you attack.

As usual you arguments are easy to combat. The reason that Bruce, I, and others spent so much time "bashing" the shorts on ESST is that they were manipulating the stock down 6-8 months before any bad news came out.

More importantly there was no way they could have known that sales were going to fall off or when. They were manipulating even when ESST was beating earnings by several cents and doubling gross margins, a sign of product demand. They were posting false information, which is ALWAYS wrong.

As far as ACF, it fell last year from $60+ to $13 and then ran up to $46. Pretty unusual behavior for a company that has a 99 Earnings Ranking from IBD.

But most of all, ACU, it doesn't matter what I or anyone says. Every individual pulls the trigger and hopefully does their own Due Diligence. The first rule on this thread is "TRUST NO ONE...DO YOUR OWN DD". The second is to take responsibility for your own trading actions.

I don't know what the point of your post is. If you held ACF overnight, that's too bad. But I am not holding ESST or ACF overnight and the thread knows it. But even if I were, I wouldn't blame anyone else for it. After all, I pulled the trigger (or not). I made the decision, not anyone else.
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