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

To: Roger Bodine who wrote (897)	1/16/2002 11:55:49 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Roger, great post, I am checking and considering. I know a lot of people are pretty high on it.

To: Roger Bodine who wrote (897)	1/16/2002 12:09:57 PM
From: Dave Gore	Respond to of 16631

Roger, here's my quick take on ET. A couple of analysts are playing around with ET this morning with downgrades to "buy" and "mkt perform." They have done this type of thing in the past. They probably want to get their clients in near support at 50-day EMA support at about $10, or at least as low as they can. Who knows? ET looks to have certainly turned the corner. I liked their earnings PR very much. " E*TRADE increased its guidance for the fiscal year 2002 to $0.45-$0.55 " The charts say that it could possibly drop a little closer to the 50 day EMA now that it broke below the 13 day EMA, but probably not a lot of risk here either (of course if it broke below the 50 day EMA on heavy volume all bets are off). At least that is my humble opinion. Its MACD is hitting the ceiling, too. The interesting thing to watch for me are the stochasics. They certainly are not traditionally oversold yet, but if they turn up here would be bullish since it would mark the 4th higher low. Neat stock to watch!