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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 (11059)	8/9/2002 1:34:24 PM
From: Dave Gore	Respond to of 16631

I agree. BTW ------ CCRN (13.71) is slowly trending higher and higher. It has the potential to climb at least 1/2 to 3/4 the way back from original levels before this silly tank started. The gap occurred at about $23, it went to $12, so that means $17-20. Not right away, of course, but if the Markets remain calm and at least don't tank much next week, it is possible this could do that. If not next week, certainly next month sometime.

To: Bruce A. Brotnov who wrote (11059)	8/9/2002 2:44:44 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

ACF ----- Back above $12, briefly at least. I am fascinated by this one. Note: I posted this on Raptor's thread earlier when the stocks were at lower levels. For those that missed a quick recap of my favorite plays today and why, here's a quick recap of why I like their Reward/Risk (as a trade). *** To:Dave Gore who wrote (2638) From: Dave Gore Friday, Aug 9, 2002 2:08 PM Respond to of 2639 Guys, I'd watch CCRN and ACF. I have highlighted them on my thread. CCRN gapped down from $23 for no apparent valid reason all the way to $12 intraday yesterday. A 50% retrace would be $17.50. I am not in love with it for anything other than a trade. There are always risks in this Market. Anyway, it has been relatively strong today. I would also keep an eye on ACF. Fitch said this morning they are comfortable with ACF and their AAA rating. The stock has tanked 78% from its high this year and $17 a couple days ago. It is now at $11.25 and need to base for awhile perhaps and panic out the rest of the nervous nellies, but it may be worth watching at least. PE is under 3 (historically it has been 10-20 over the last 5 years). Earnings the last 5 quarters have steadily climbed from .79 to 1.06 (just reported) up 35% YOY. There are delinquency concerns, but then there have been every quarter on this guy. Late last year, I heard the same thing, and it ran from $14 to $46 this spring. It is very manipulated. I played it from $9.50 to $12.40 yesterday and am mostly watching it now. I have a modest position, just in case it ramps up next week, on analysts issuing a "Buy on Valuation".