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

To: JWest0926 who wrote (9880)	7/23/2002 6:55:55 PM
From: Dave Gore	Read Replies (3) \| Respond to of 16631

JW, I just posted this on the Guidance thread about trading. "Nok, just stick with the fundamentally very strongest. They will tank less and come back faster, so if you miss the bottom, they make still rise above your buy point. FOR EX: If I could get WM at 28-30 (PE 7+) I would buy a bunch in a heartbeat. It had great earnings over $1.00 for the quarter and is a regional bank, not a money center bank like C and JPM beset with big problems. WMT near $41-42, low PE and good stock for any economy. NOC near $90-93 would be a great buy if it tanked there. Ditto RTN at $27-ish. These are safer stocks than most. Homebuilders should be good, but some feel there best days are peaking or coming down. Defense stocks are down 35-45% from highs and are definitely on the upswing, with huge increase in gov. spending planned for next year." Regarding Semi's there will be some good buys there at some point but the index just hit new 52 week lows. I'd be very careful. There may be a technical rally but earnings have not exactly been stellar. However, I am going to review them again soon.