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: Nancy who wrote (13008)	9/27/2002 10:46:58 AM
From: Dave Gore	Read Replies (1) of 16631

Nancy, those are good examples. The question is the TIMING of when they attack a stock. Look WHEN they attacked. Do major shorts normally attack immediately (and I mean immediately) after a company beats earnings by 10 cents and offers great guidance? Do they attack after margins go up from 23% to 44% and are on the rise? They drove the stock from $20 to $15, even after this performance. The company even beat next quarters earnings and they company offered good guidance, yet the stock was hitting $13, $12, etc. No question, they KNEW something that we didn't and even though they were apparently early, they had the POWER to drive the stock down even with good news. That's the really scary thing when you think about it. Hedge Funds now control the markets with often 40-60% of the daily volume related to them. Add "naked shorting" on top of that, and...well, you get the idea.

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