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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 (10723)	8/6/2002 3:54:14 PM
From: Connor26	Respond to of 16631

AKLM down to $1.70 - getting spanked - and can't find any news either

To: Bruce A. Brotnov who wrote (10723)	8/6/2002 4:01:49 PM
From: Dave Gore	Respond to of 16631

Bruce, it's either some real news coming or MM's and/or shorts creating an artificial panic. This stock is much like ESST. People have been set up to expect the worst, even though there has not been any significant negative news, if any. AKLM has a forward PE of 2.7 here, so even if there is some temporarily negative news, it's probably a very good longer term buy in here. We'll see. I'll have egg on my face if there is some major unexpected bad news, but it seems that there is a ton of negative sentiment built in already. AKLM is in a sweet sector and one expected to earn 64 cents eps in 2003. Will it be a bad buy if earnings come in at 40-50 cents next year. Well, not at $2.00, I wouldn't think, and certainly not at $1.50 if it gets there. Their games are getting rave reviews and not just Turok.