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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 (9628)	7/17/2002 6:53:46 PM
From: BWAC	Respond to of 16631

<What is wrong with America anyway? Can't we view the glass as half full rather than 1/2 empty?> Its just the Shrub Effect. When the Shrub get pruned out of office, the outlook will change. They ought to rename the whole family Kudzu cause they smother and kill everything in sight.

To: Bruce A. Brotnov who wrote (9628)	7/18/2002 6:11:37 PM
From: Dave Gore	Respond to of 16631

Bruce/All - Here's another ESST; ITRI beats earnings by 3 cents, guides higher, says business is speeding up not slowing down (as one analyst said) and stock tanks 7.23 points and is down a little AH. They are buying back shares and expecting big orders in the second half. I expect it may drop more, especially if the Market is weak tomorrow as traders tend to overdue things, but it could be a nice gainer at some point. Short position increase must have been a sudden thing because it dropped from May 14 to June 14 (again we deserve REAL TIME short data!) Jun. 14, 2002 364,244 May 15, 2002 1,197,667 "Itron said it will resume its buyback program at once, noting it can repurchase up to 813,800 shares, or about 3.9 percent of the total stock outstanding, under existing authorization. On Wednesday the Spokane, Wash.-based technology company, best known for its automatic meter-reading systems, reported second-quarter net earnings of $6.3 million, or 28 cents a share, up from $3.6 million, or 18 cents, earned in the same period a year ago. On a pro forma basis, Itron's quarterly earnings came in at 29 cents a share, or 3 cents above the consensus of Wall Street analysts. The pro forma results exclude in-process R&D charges, intangible assets amortization expenses and restructuring charges." BTW -- there Robbie Stephens upped to Buy wne stock was at $22, but the analyst who expressed caution was the one that tanked the stock. Trying to find out who it was. Weird stuff, but I've seen this over and over. It's the cautious analyst that people listen to. Also the cautious analyst was cautious at much higher stock prices, not at these lwoer levels. At $11-12, if it get there, this could be a very nice R/R.