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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 (5914)	4/19/2002 10:59:51 AM
From: Dave Gore	Read Replies (3) \| Respond to of 16631

RAZF WATCH (.37 x.38) --- Bought some for my LT at 37 cents. Have a limit order in at .31 just in case it fall there. Fundamentally, this company appears to be on solid ground again. As can happen, the baby has been thrown out with the bathwater. The last of the people who got in early decided to get out now that the "rush" is over. Some who bought way too high and were hoping for a comeback to 60 cents or above have probably given up. Now, I expect we start fresh again in the .30's with new investors who like the fundamentals. After all, they just announced a net of $2.5M last quarter (.02EPS) and will likely make between 4-8 cents EPS this year, making the forward PE 5-10 at these levels. Additionally, technically, the big rally took off from the 37-38 cent level, so that should act as support.