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


To: Dave Gore who wrote (895)1/16/2002 11:51:27 AM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
Do you agree with this guy on HAL? Hmmm....this will be interesting to follow. Very speculative but he sure could be right. The best play might be to risk $500 or so on longer term options. At least your loss is limited to $500.

Two Buys
1/16/02 10:41 AM EST

From Doug Crass, Real Money

I am buying Dow Chemical (DOW:NYSE) and Halliburton (HAL:NYSE). Both companies have well publicized exposure to asbestos.

The results of analyzing the legal machinations over the last year and evaluating individual company liability, coupled with the financial strength of Dow Chem and Halliburton make the risk/reward most attractive. I might be early, and if my analysis is correct, there exists a strong possibility that these asbestos-tarnished stocks may prove to be among the largest winners in the equity market this year. I am putting my money where my mouth is.

Thus far I have only purchased call options in order to define my at-risk capital. Given the precipitous share declines in recent days, I am now buying.

Long HAL and DOW.



To: Dave Gore who wrote (895)1/16/2002 12:02:39 PM
From: hotlinktuna  Read Replies (1) | Respond to of 16631
 
I think that's being conservative Dave....with good managerial exectution I'd guess closer to 50+...but I'd like to see 35 broken in the near term....tuna