Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ron who wrote (453)	1/6/2002 8:49:47 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Ron, for a low-priced stock CLAC looks great. It has had positive momentum and vastly improved money flow the last couple days. The chart looks very nice, too (even though charts of low-priced, less active stocks are not as helpful, IMHO.) I don't know how high it can go but the major resistance is at $2.00 where it based for 2+ months last spring/summer. It faces some minor hurdles at about $1.25-1.50. I bought it at .66 a couple weeks ago when I saw that management predicted a 7-10 cent per share earnings in 2002. It's not necessarily good to trust management's guidance, but it looks like many others are, or at least thinking that the risk is minimal since the stock is so far off its yearly high of over $9.00. The stock seems to be gaining momentum, so we'll see what happens. Dips are being bought and then it races to new highs, so far anyway. This week's action will be important, now that it had broken over $1.00 a couple of times. I'd like to see it close above $1.25/1.30 and then $1.50. Then I'd tend to be wary of further gains after that in the absense of positive news. PS- This is more of a fun stock for me than anything. I rarely put a lot of money into these riskier, low-priced issues, but it's been one of my most profitable trades already in the last 30 days. If there's any time to buy low-priced stocks, it's January...LOL! As always it pays to call the Company, their clients, visit them, and do as much DD as possible.