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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Jane4IceCream who wrote (448)1/6/2002 6:20:21 PM
From: nolimitz  Read Replies (1) | Respond to of 16631
 
Janer
Interesting links! but I think some of them may be pumpers? As Dave indicates he is looking for R/R types of moves. I'm not sure the rewards are worth the risks there in the short term. I'm fine with HAL if some one want to hold longer than most on SI?? Thanks



To: Jane4IceCream who wrote (448)1/6/2002 8:32:59 PM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
Jane, that is super information re: HAL. The stock market and psychology is very important in short term trading these days.

I haven't studied HAL much at all, but sometimes (not often) these type situations offer interesting reward to risk scenarios. With Enron's debacle fresh on our minds, there is probably a greater chance that an over-reaction in a company's stock like HAL can occur.

That said, I am finding it hard to determine whether it is cheap now and prefer stocks that I can value more easily. SLR, for instance, after it bounced a couple times off its 52 week low and the selling slowed way down, was a great Reward to Risk play for me under $10.00.

However, I must admit that I found your links provided very interesting food for thought. Certainly I'll research it more, when before I may not have. If their litigation exposure and cash position mentioned is even close to accurate, then I think you may have gotten a bargain. Was that info taken from their filings, do you know?

Also, not that I expect anyone to know or share this information, but a couple more questions I would ask are: "How seriously has Congress jumped into this asbestos mess and is there any chance that the insurance companies can skirt some or all their future liability?"



To: Jane4IceCream who wrote (448)1/7/2002 8:13:57 AM
From: Softechie  Respond to of 16631
 
Jane, Look at USG CCK OI ACK FMO. They all have asbestos suits. Buffett owns I believe 15% of USG.