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

To: Michael Young who wrote (10897)	8/8/2002 10:29:30 AM
From: Dave Gore	Respond to of 16631

Hard to say, isn't it? This stock has always been very volatile. It can be jerked around easily, as its chart indicates. This is by far the lowest it's been PE-wise, so I figured it might be a good reward/risk even with accounting concerns, but who knows? I assume it was really targeted by shorts this time. We don't know because we don't have good data on that. Anyway in this environment that's a smart ploy I guess. It is so easy to panic people out if there are any concerns at all. It will be interesting to see what management says or doesn't say. I may try to call them, but I'm sure the lines will be busy. You could be right or very wrong, as could any of us. This one has become a total guess. I just hope everyone who bought yesterday, cut their losses short. If I had heard the C.C., I probably would not have played this. I wasn't aware that management withheld some information that some analysts had wanted, regarding reserves and what not. Management claimed they shouldn't because that was a Pro Forma question, which they don't deal with. Unless that is what I heard. I doubt analysts bought that explanation. It may turn out to be no big deal but Management created a concern there. That is never wise. These tank jobs involving a lack of trust in management or accounting issues are not worth playing. I paid for my lack of DD on this one. If anybody else lost money and didn't listen to the C.C., they took a risk too. My losses were greater than I would have liked, but not too bad.