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

To: hotlinktuna who wrote (10372)	8/1/2002 2:28:03 PM
From: Dave Gore	Read Replies (4) \| Respond to of 16631

ANYONE PLAYING O.D.O.D. STOCKS? ---- The REWARDS Just Keep Comin' ** Still Need Convincin'? I know Tuna and I are convinced that often the best trades in this "Sell First ----- Think Later" market are the fundamentally sound stocks that tank too hard due to a panic. I call them ODOD's or ODOW's (Oversold Stocks Of the Day or Week). Fundamentals and Technical Support Points are used to determine safe entries along with the Market and OBV analysis. It has been wildly successful and losses are kept to a minimum with tight mental stops. In other words, emotional selling which often carries things to far to the downside in this market, can result in great trades, if you are selective. Winners 1) Remember TYC at $7-8 in the over-reaction (up 40-60% to $12.50 in 48 hours last week?) 2) Remember MIR at $2.50-2.80? (up 65-80+% to $4.50 in 24 hours) 3) How about CDCY at $6.40 (up 35% to $8.75 in 4-5 days) 4) Today was ADVP's turn (up 18% from $17 to 20.20 in 3 hours) 5/6) Even ITRI which has been dissappointing is up about 8-10% and ATYT returned about 20% on a trade before it fell back on NVDA's lousy announcement. 7) KG, an ODOM, was up from $18 to $22 from where it was highlighted here a couple days ago (even though back down today) 8) THQI was a great one at $17-18 as it had beat earnings YOY by 35% and guided very strong. It quickly came back to almost $25 in a couple days. 9) DROOY near $2.20 to $2.50 when gold plunged to near whole number support at $300 but held. DROOY ran over $3.00, a 20%-ish gain. You can't win em' all, of course The only big loser is ORB on credit issue. It's an overreaction but I gauged this one wrong. I think it will be fine simply because their earnings are going to dramatically help their ability to improve things. Other than that there was NVDA but I sold it before the close for a 1.2 point gain. Also ADVP was a loser if you bought at $22, but by averaging down at $17+, you are likely back up nicely overall. ** PROPER REWARD/RISK ASSESSMENT ====================> SUCCESS