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Politics : Idea Of The Day

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To: Riskmgmt who wrote (18121)4/23/1998 11:55:00 PM
From: Getcher  Read Replies (1) of 50167
 
Ray,

I have followed FORE closely again for the past three weeks or so (since the day of the rumored merger that didn't come).

More than the rumor made sense at the time, and to see positive earnings is the icing on the cake. BUT ... I always look at this as too late because the crowd psychology of the market. It is so unforthuante that good small companies move to the beat of the drum of the momentum and daytraders before they become powerhouses. I have trouble trading these little guys after news is out. If I like 'um as a value play and a chart play I will buy into them 3-4 weeks prior to earnings hoping for an extended run ... usually following my heart holding through earnings and getting disappointed (CHKPF is a perfect example!)

FORE showed a sell in the second week of March and has not shown me a buy signal yet even though it has put in a higher high since. Odd.

Getcher
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