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: WhatsUpWithThat who wrote (15770)	2/11/2003 4:25:30 PM
From: Bruce A. Brotnov	Read Replies (2) of 16631

WUWT - The Monday IBD had ACDO on the front page titled "Look out when a Stock Churns" as bad things can happen when they can't break out of a base. I don't follow it in Poormans but I have watched it periodically and thought about researching it, but never did as it had a pretty high PE and still running near 25. If I owned it I might hold it but I prefer CURE (maybe not after it reports tomorrow) at this point. IBD talks mostly to an example of a technical discussion but says it collapsed on Feb 3 after saying it would miss 2003 sales estimates. It looked a bit oversold at the time and I might check it again to see what kind of base is shaping up. I remember when a school supply stock that was popular dropped 30 to 40% in one day and about 3 months later recovered it all (forget the symbol right now). To me the numbers look pretty attractive, but buying will remain limited for a while until we get through the Iraq issue, no matter how good the numbers. I do like medical stocks though for a "defensive sector" as good as any. Bruce

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