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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 (1445)	1/27/2002 9:21:46 PM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

Stock Analysis: BORL - added to watchlist; nearing possible SHORT TERM BUY POINT Positive outlook and good performance on recent earnings. Want to become the .net standard. Recent acquisition of VM Gear lets developers optimize code, which CEO feels will reinforce their leadership of the Java market and add to revenues. Reasonable PE of 35 or so for FY2002 and 25 on FY2003. Clearstation: Has been strong since late Oct. when the 13-day ma line crossed above the 50-day. Stochastic approaching oversold; has its first down day in the last 5 on Friday. Ran up prior to earnings, but now barely above the 50-day sma which it tends to break a little below from time to time. Bigcharts.com B-bands at 14.60 and 17.25. The 20 and 50-day sma's are @15.95 and 15.40. Money flow, MACD, and momentum have all been below average the last 8-9 days, suggesting that the slight runup last week might have been artificially induced by the MM's. Stockconsultant.com: Only gives a short term bullish rating of 45% even though short term targets, they say, favor a run up more than down. A bit curious.. Support: 15.2 ± 0.55, type triple, strength 9 Resistance: 17.1 ± 0.62, type double, strength 7 LONG TRADE: TARGET 1 Price: 19.39 Profit: 23.9% Stop Limit/Trailing Stop Limit: 14.68 Loss: 6.2% Profit/Loss Ratio: 3.85 : 1 - Excellent TARGET 1 POTENTIAL Good, there are 1 resistance areas on the way to Target 1 SHORT TRADE: TARGET 1 Price: 11.96 Profit: 23.6% Cover Limit/Trailing Cover Limit: 16.87 Loss: 7.8% Profit/Loss Ratio: 3.03 : 1 - Good TARGET 1 POTENTIAL Poor, there are 4 support areas on the way to Target 1 Conclusion: Watch money flow and whether it holds the 50-day sma. It looks like it may break down a little more, but $15-ish could be an excellent entry point, especially in a favorable market. Software stocks are the best area in tech. As always, this is my opinion only. Do your own DD or pay for people analysis who are far better than I.