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

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To: Dave Gore who wrote (12822)9/24/2002 7:44:11 PM
From: mishedlo  Read Replies (3) of 16631
 
Dave right now I am sticking to my safe and sane plays.
70% cash or more.

Leap puts on GM from 48
Leap puts on S from 47
Trading in and out of leap puts on FNM
Trading in and out of leap puts on COF
Trading in and out on leap puts on IBM
Holding CIT PUTs till ZERO (from about 22)
Holding leap puts on KRB for some time from an unknown price.
Trading in and out on leap puts on EXPE and other garbage as well.

Actually I would have done better to just hold ALL the damn puts where I attempted to trade them

I have no doubt that you or Tuna might have easly beat my performance.

I do think you are silly to complain to the SEC about ACF when anyone with common sense should know that fundamentally it was headed lower. My mistake was lightening up and holding IBM instead of ACF when ACF plunged like a rock while IBM went sideways.

Fundamentally they all suck.

You have asked me for plays and I give them.
Short and hold
GM
S
CIT

COF
IBM
HI
Short any bounces.

Actually I have one long at the moment.
RMBS leap calls purchased yesterday.
At 6 I sell more than likely
At 5 I consider selling
At 3 I double up

I prefer heavy cash which is safe as well as sane with a few selected puts.

I congratulate you once again for being able to trade POS like ACF for a couple points instead of missing 30 point drops (which I missed as well cause I was stupid enough to play for a bounce off of a level and the bounce did not happe and I refused to chase).

I reiterate my point that the trend is down and I really would like to see some Dave Gore safe and sane short plays.

I guess it is not to be from someone who is 100% bullish 100% of the time.
You could attemt to say that about me in reverse but I have RMBS calls now, and had MLNM calls on the last bio runup but I never see a short suggestion here. NEVER.

That does not mean you do not do well.
I bet many here following you do not get what you do, just as many who attempt to follow Zeev in these plunges probably have their heads handed to them on a platter.

I have no doubt you do well and I have no doubt that Zeev does well. I have plenty of doubt about the execution of those who attempt to follow.

M
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