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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 (10345)	8/1/2002 9:58:09 AM
From: BWAC	Read Replies (1) \| Respond to of 16631

Turn that pimp station off. You will be 110% the better for it.

To: Connor26 who wrote (10345)	8/1/2002 10:34:26 AM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

Connor, I am starting to watch ADBE. It was another company that surprised with a worse than expected guidance. The street does not like that AT ALL. Unexpected bad news about earnings or guidance is about the worst news you can have right now. I am not sure about buying ADBE here, but you could be right at $16.75 or so. The Market is weak and you can see stocks that warn like NVDA often get cheaper after the announcement. Sometimes it takes 2-5 days for most sellers to get out, so there is not a rush to buy. I like ODOD or ODOW's which involve companies that have essential met or even beat expectations or missed a little but guided up and have a low PE, PEG and PTS. Or there is an obvious misunderstanding or silly reason for the selloff. ADVP is closer to meeting that criteria since the WSJ story is nothing new and earnings are not being affected. In fact their earnings and guidance were very strong. But the bottom line is patience. If you can get a SECOND panic in any of these stocks, you've got a great opp to make a quick and profitable trade. MIR was a good buy becuase at $2.50 - 3.00 as it got to a PE of 1.8 and actually beat earnings (although reported no growth next year). Who cares, at some point enough is enough! That was the best R/R I had seen in awhile, especially since I knew that the CEO would do a good job in the Conf. Call.