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: Dave Gore who wrote (13111)	9/27/2002 9:22:48 PM
From: mishedlo	Read Replies (1) of 16631

Dave we now agree. It is herding people as far as they can possibly get them before reversing. Then an agonazing slow torture jaunt back the other direction with enough bumps to give hope to players on both sides. Do I think it is crimial? Yes I do. Totally crooked. Now we are 70% in the hands of hedge funds and program trading as opposed to investors. Program trading. Does this really make sense? I want a washout to fair value. Unforrtunately You and I and Bruce will probably not see eye to eye on what that is. If I suggested BRCD at $8 several weeks ago you would have thought I was nuts. Now does $6 or $4 seem so preposterous? How about IBM at 30? FNM at 20? S decent chance at ZERO? MSFT at 35? Why NOT? M

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