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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 (3230)	2/28/2002 12:42:22 PM
From: Dave Gore	Respond to of 16631

EMLX busted above $32 as I expected, now $32.75. The NAZ went up and there went EMLX. Good trade if you bought when it broke and even better if you got near $31. I bought near $31 and was ready to sell if it went below $31 substantially. It's all about Reward to Risk and with the upgrades last night and today, it was a good R/R. The risk was the Naz rolling over, but I just don't see that. However, if it did or does, I would sell immediately.

To: Dave Gore who wrote (3230)	2/28/2002 5:03:16 PM
From: Dave Gore	Respond to of 16631

IMPORTANT AFTER HOUR MID-QTR UPDATES in chip sector: Both agree and suggest a mild improvement. This is slightly better news that I thought. Let's see how the SOX likes it tomorrow. 16:46 ET Integrated Device (IDTI) 25.57 -1.53: -- Update -- On call, says bookings business continues to run above plan with business conditions in Europe being stronger than expected; notes strength in other geographies is offsetting below plan business in Japan... previously had said it would need turns business of $28 mln in OEM/CEM segment to achieve flat revenue; as of today, says that target has been met and that its best estimate is that its turns business will be $32-34 mln... stands by prior guidance for revenue in distribution channel to be flat on sequential basis... IDTI +0.91 at 26.48 16:44 ET Novellus (NVLS) 42.59 -0.23: -- Update -- On call, company says its bookings are improving in the US and Asia, but not Japan....Q1 bookings should be $130-$150 mln, this compares to the $130 mln estimate mentioned on January 22...Q1 shipments should be $134 mln....stock at 43.10.