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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 (11076)8/9/2002 4:07:47 PM
From: Dave Gore  Respond to of 16631
 
Not sure. I did see AUO and their $3.9B in Net Profits finish with a last trade at $6.98 (HOD) (i.e. 5000 share buy at 6.98)

With earnings of $1.07 for quarter (just announced), this one has an extremely low PE. I look for a break above $7 and $8 next week. A slow mover, but it's been up 3 days in a row, I believe, after testing its 52 week low.



To: Bruce A. Brotnov who wrote (11076)8/9/2002 4:12:10 PM
From: Dave Gore  Respond to of 16631
 
ORB WATCH ---- last trade very near HOD. It looks like most are relieved their financing deal is done. We should see an S&P upgrade. They said they would.

I thought the dilution might affect the stock, but I think the relief and the low valuation is bringing in more buying.


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