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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 (4318)	3/25/2002 4:01:51 PM
From: Dave Gore	Respond to of 16631

Stopped myself out of VRTS at 40.26 a few minutes ago. Didn't like the action and switched to BRCD after I saw the good guidance news. Took the small loss on VRTS and will re-evaluate based on the NAZ and SOX performance tomorrow. It's possible that VRTS may have broken out of its recent trading range and could head down further, so not worth holding overnight for me, even though the odds may slightly favor a bounce back. The risk is that it goes down a 2-3 more points if it can't rebond quickly above $40 and regain some momentum tomorrow. Not worth that kind of risk for me under my capital preservation model. I never hope stocks will go back up. I take small losses and move on to better R/R plays.

To: Dave Gore who wrote (4318)	3/25/2002 4:09:53 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 16631

Dave, the problem is the "stupid money" which is mutual fund money and small investor money isn't playing the greater fool game this minute, so we are locked in a trading range, the market moved up too fast since September on the thinking that so called cheap FED money was going to bail out an already declining market. It worked well for awhile, but now that the next FED move will be an increase, that wind is gone from the sails.. I think the market has a good chance of falling off a cliff in the next few months, which is one reason I hold the SPX short, which is down a real sweet 1.5% today.... Those 3 big caps I mentioned are always good traders, long or short..And I will just keep trading, no matter what the market serves up.