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

To: Connor26 who wrote (10305)	7/31/2002 10:01:07 AM
From: Prophet	Read Replies (3) \| Respond to of 16631

I think NVDA is way overdone. End of day might be a good time to pick up some of NVDA. It is one of those stocks that can be filed for a couple of years.

To: Connor26 who wrote (10305)	7/31/2002 10:19:02 AM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

Connor, I am still trying to figure out a safe buy on NVDA. $10 is whole number support, but often MM's will go below that briefly at least to take out stops. The bad thing about buying ODOD's today is that you won't get any help from the SOX or the overall market. It is certainly going to be weak today. The Chicago # was weaker than expected and there were some bad warnings from other companies too. Even a little inflation. If NVDA breaks $10, the risk is a real panic to $9 or $8. or it may bounce right back over $10-11. I am not going to touch it today unless I see add'l major panic. These stocks can often take 2-5 days to stabilize anyway. I am taking it easy today. I don't like the prospects for "long" trades. With NVDA the fundamentals are also VERY murky now. With many of my fave ODOD's like ITRI, even MIR, we had minor misses or even a beating of earning's expectations, and a much better feel for performance going forward.