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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 (10767)	8/7/2002 10:15:53 AM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

Bruce, buying a 1/3 position in ACF $13.40 This is really being manipulated again. ODOD? Certainly could be. Funny (not) how poeple don't trust analysts but they still listen to them. This looks incredibly manipulated. I think the "shorts" have freaked out and trained people to panic. Just like ESST. I have a hard time believing that ACF is at risk, because they keep proving, like you said, quarter after quarter that they are a steady performer (even beating estimates again with a PE of 4). Also interest rates aren't going up anytime soon. This seems like an excellent reward/risk here. I have a mental stop close by, but the upside certainly seem better than the downside here. REWARD/RISK ASSESSMENT Upside potential = 3-6.5 points near term Downside stop-loss (mental) = 40 cents or so.