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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 (9279)7/3/2002 10:36:42 AM
From: Dave Gore  Respond to of 16631
 
Drugs/biotechs/pharmas getting clobbered. Lots of 52 week lows. I wonder where the right time to buy these guys is?

They have earnings visibility and stable growth that's much better than tech, and tehy're economy resistant, too. Pretty weird stuff. I guess the price control rumors that crop up in election years have everybody spooked again. Man, they're cheap, but I suppose they can a lot get cheaper.



To: Dave Gore who wrote (9279)7/3/2002 11:19:55 AM
From: The Vet  Read Replies (1) | Respond to of 16631
 
I was considering FLEX as a short, but I decided instead to buy XRX Aug 5 puts. I think XRX is another one of those shoes that will hit the floor soon. Just so you don't think I'm entirely a bear, I also bought AMD Oct 7.5 calls for a couple of months hold. I suspect they will look a lot better in September/October.

Gold and silver all on hold...