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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: D.Austin who wrote (6832)	5/8/2002 12:01:51 PM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

MARKET REACTION --- The reaction of BEAS, VRTS, EXTR, QLGC, EMLX up 15-20% shows that the Market was undervalued, at least technically. It also shows how important emotion and psychology is. This is the heart of Reward/Risk strategy. To find those stocks with the lowest downside risk and most upside potential for days like this. There is no way the CSCO news should or would have caused this much buying if certain stocks were not already undervalued by 10-15% (again on a technical basis more than a fundamental one).