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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (66128)	8/8/2002 4:18:17 PM
From: Dave Gore	Read Replies (1) \| Respond to of 208838

Well, maybe but the worst is likely over or at the least we might very well be due for a temporary bounce. It's all about Reward/Risk trading. I'm not marrying these things. I bought my 1600 shares at avg. $9.75 and sold them above $12. I have a more modest position now, but we are more than likely due for some good news. Softechie, I wouldn't get very short term R/R trading prospects confused with longer term issues or old news. I don't like ACF at $30 or even $20, but at $12 it's interesting now that the small guy has panicked bigtime. Fundies should provide support and sanity, even if there is a little doubt over them. After all with the PE at 2.6, there is a little room for disappointment, I'd say, especially since the historic 5 year PE avg. is between 10-20.