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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (60781)	7/17/2002 12:07:14 PM
From: Dave Gore	Read Replies (1) \| Respond to of 208838

Anybody else buy ODOD* stock NOVN at $10? Is anybody else playing these daily "disaster" stocks or ODOD stocks as I call them? *ODOD = Oversold Disaster OF the Day stocks. NOVN is still 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) 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, as things get overdone. Just bought HD at $30 after it tanked 2.3 points off HOD but these examples and many, many others are even better examples: 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?