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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 (4050)3/19/2002 11:20:07 AM
From: Dave Gore  Respond to of 16631
 
NEW STRICTER TRADING PHILOSOPHY

I thought a lot about a new, stricter trading strategy this past weekend. It is a fine-tuning of what this thread has been about. That is, buy stocks at good entry points with good reward to risk ratios.

The new element is this ---- buy only companies that guide higher during this earnings season, yet are still reasonably valued

This will be 80% of my shorter term trading from now on, at least during earnings season. Why buy a cheap stock that is seeing no visibility or disappoints or barely meets consensus, just because the stock is down? Why try to catch a falling knife?

I have enough risky little stocks for fun in my portfolio like FONX and FCSH which I both think can make 500% gains or much more in a year.

Of course, in my long term account I want SAFE N' SANE stocks like WM, KG, CD, FLEX, COST and GE.