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

To: lehoogie who wrote (10794)	8/7/2002 11:40:24 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Lehooige, why not, ya know? I tried ACF again at $12.10. The worst case is losing 20-40 cents on a stock that will earn over $4.50 eps next year and down from $46 in April 2002 with never a warning. I'll buy a bunch more near $11 if they want to play their games and use the "Whole Number Support" approach. The cheaper a stock gets (THAT IS FUNDAMENTALLY SOUND AND WAY OVERSOLD), the better the REWARD/RISK ratio. The only thing people have to bear in mind about this approach of keeping losses small is that often MM's will briefly break whole number support to take out physical stops set foolishly just below whole number support. Stop-losses, imo, should be all mental, unless you have to leave the computer screen.