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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 (456)	1/6/2002 9:07:39 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Thanks, Jane, you are doing some great R/R plays it sounds like. They fit part of what we're all about here, finding the RIGHT BUY PRICE for short term or longer term opportunities on intraday or temporary weakness. I especially look for over-reactions to the downside and wait for selling volume to slow and the stock to retest key support successfully in a favorable market or sector. I listened to TQNT's entire conference call "live" and it sounded a bit dim but there was definitely some light at the end of their proverbial tunnel. Management was very straight-forward and I came away thinking that $10-11 was too cheap for TQNT, once the tech market rallied. I concentrated more on SLR (since it offered a classic, high reward, low risk play for short and longer term gains) but I sure watched TQNT, too. Many people miss opportunities of this kind. They simply say, TQNT or SLR are a POS. Well, that's not what it's all about, IMHO. Almost any stock (and especially former proven performers like SLR and TQNT) can be worth buying if they reach the RIGHT PRICE." And often they represent less risky trades, too. Of course, there is nothing wrong trading the better performing stocks on pullbacks to support in a favorable market either. That is what many publication like IBD recommend and on which they have made their reputation.

To: Jane4IceCream who wrote (456)	1/6/2002 9:36:35 PM
From: Baton	Read Replies (1) \| Respond to of 16631

Jane: If you remember, ENE had some quick recoveries before it finally took it's final swan dive. I think HAL is ready for a bounce right about here. One reason is that the big funds have a 90 day "grace" period where investors won't get to see what they are holding. This is a ripe time - now that the quarterly reports are out - for funds to play it for a bounce. If it recovers, they keep it and tell their investors how smart they were to buy at the bottom. If it does not recover, they will sell it before the next quarterly report and their shareholders will be none the wiser. I think that is one reason ENE tanked so quickly - fund managers wanted it off the books before the EOY reports. Of course, a little constriction in the supply and significant hike in oil prices would help HAL immensely. I bought some July 15 calls and some January '03 20 leaps. At this point, the call premiums are all I am willing to lose. If there is some institutional buying this week, I may add some shares. The danger of course, is holding overnight and waking up to a news induced disaster - but that can happen to any stock. Best of trading. Baton