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


To: Bruce A. Brotnov who wrote (9575)7/17/2002 11:41:04 AM
From: Dave Gore  Respond to of 16631
 
Yes, IBM is key. Meanwhile bought HD off 30 support. Their PE has never been lower and their projected growth is over 18%.



To: Bruce A. Brotnov who wrote (9575)7/17/2002 11:50:17 AM
From: Dave Gore  Read Replies (2) | Respond to of 16631
 
Did anybody else buy ODOD* stock NOVN at $10? It's hanging around $11 deciding what to do, but still up off major support at $10 (actually it hit $9.83 as MM's took out stops and moved it right back up)

*OVERSOLD DISASTER OF the DAY stocks

I just can't over-emphasize how well these panic sold disaster stocks tend to work. In this fear-ridden market panic selling occurs fast and furious and sometimes offers great Reward/Risk.

AMGN on Monday at $31+, now almost $37!

FDX tanked to $47 and within 48 hours was $52-53

MHK yesterday came up 4 points off the LOD

ESST was $12.50 intraday some time back.

Last week ZRAN came back 4-5 points off its LOD

Remember WCOM at 7 cents - went to 28 cents?