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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 (3288)	3/1/2002 9:45:24 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

MARKET UP -- even more good economic numbers for personal income and spending. The numbers keep pouring it, looking better and better. Today, the market decided to take notice. Ying and yang, baby. It's all a REWARD/RISK game. Storage sector comes back to life. Again, we play the REWARD to RISK game. Let everybody else think that stocks that have been beaten down mercilessly to $31 like EMLX yesterday are a bad risk. Or QLGC to $35/36. We know better. We know that when stocks that are profitable and well supported they are better buys when they drop not worse buys. Our job is to assess major support or at least whole number support after big drops and watch the tape to see if selling volume slows. And we're smart enough to realize that we can't always be right, so in case we're wrong and a stock breaks through strong support, we sell right away because we have fairly tight "Stops" in place to minimize losses. We don't hope things come back. Yesterday this thread mentioned ADRX (up big today), EMLX at $31+, and others like BEAS, RFMD, GSPN (should go up on telecom bill passage) and others like CRUS and ESST, both with better guidance because of the hot DVD sales.