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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (49112)	4/9/2002 3:42:05 PM
From: Dave Gore	Read Replies (1) \| Respond to of 99280

I am looking at specific plays and not generalizing, Mish, and again, I am using fundamentals and T/A to justify to myself that a stock is a VERY SHORT TERM BUY with a high R/R, maybe for 10 minutes or 10 days. My premise is that traders feel more comfortable buying a LOWER PE or PEG stock first when the Market stages a mini-rally, especially if it is near support. If they don't they should! Also a company that has issued good guidance should be the first stock traders buy back as well. I bought ESST under $18 and sold at $18.40's for a quick play when the Market deteriorated again a few minutes ago. See the difference? PS -- I do hold some ESST in my intermediate/LT account but I have a stop loss around $17.