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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 (1426)	1/27/2002 6:11:23 PM
From: Smart_Money	Read Replies (1) \| Respond to of 16631

Dr Reddy RDY should do well if theory holds true. The chart shows the stock did not dip on BIO sell off. This one might be a gem in the long run. 5 million float got to love it. forbes.com

To: Dave Gore who wrote (1426)	1/27/2002 6:13:51 PM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

STOCK ANALYSIS - ALLY Clearstation: clearstation.etrade.com Stocks chart is so strong that is has barely penetrated the 13 day MA, let alone the 50 day. However the stochastics are leaning towards overbought and the fast line is falling below the slow one. Bigcharts.com: The 30 day Bollinger bands are at 26 and 34, with the 20MA at 30. Money flow and momentum have been strong for almost 2 weeks. PE is now well over 20 though, up from under 10 a few months ago. Conclusion: Personally I don't like gaming stocks much as they are too trendy and prone to sudden weakness, but at $30, it might be expected to bounce off the 20 Sma or if the market or sector turns weak, might test the 50 Sma @ $27.80. If it reached one of those levels I would get more serious. Comments? What's your view?