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

To: Bruce A. Brotnov who wrote (633)	1/9/2002 8:58:57 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Bruce, I know, but I am leveraging stock options and am very upfront that I am more interested in a short term snapback than a long term hold. Look at its chart and look how volatile the stock is in the 75-85 range. With options so cheap, it might be a good reward. But only if it runs a little prior to earnings or after earnings. It's a gamble, but a very short term one with not a whole lot of money involved. I'll see how this one plays out. If I triple my money, I'll be thrilled. If I lose 50-80% of my money, that's the risk I took. It should be one or the other...LOL! PS-- I bought the FEB calls, not the Jan calls. I am not that big of a gambler. They are .85/1.00 per contract. I figure if the stock goes up to 78 short term, I will more than double my money. If it goes to 80-81, I should triple it.

To: Bruce A. Brotnov who wrote (633)	1/10/2002 9:46:33 AM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

FNM WATCH: (up .80) just broke through minor resistance at 77.00. It climbed there the other day and fell back. We'll see how it does from here. As I mentioned last night, tech could be weak and the Market is lacking in other plays, so hopefully on the good news after the bell yesterday, FNM can sustain a little rally. Maybe even run a bit into earnings after the bell Monday where it is expected to show 20% growth of about $1.39/sh for the 4th quarter.