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

To: Frederick Langford who wrote (9095)7/1/2002 12:01:49 PM
From: Dave Gore  Respond to of 16631
 
Good luck, Fred. RTN has a higher PE so I am being a bit more cautious. Usually it's not good to jump into bad news the first or second day. Like you said, though, it is negative charges related to a discontinued non-defense business.

PS-- They tanked ITRI from $29 to $20 and if you stayed out of it for a few days you got two chances to buy it at $20 and run it up to $26.



To: Frederick Langford who wrote (9095)7/1/2002 3:32:14 PM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
Fred, today will be the lowest close in RTN in 2.5 months. Not concerned about you, but newer traders ought to be a little careful. A pullback to $33-34 is a definite possibility. Of course so is a move to $40+. LOL!


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