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


To: Sergio H who wrote (12777)9/24/2002 2:14:38 PM
From: Bruce A. Brotnov  Respond to of 16631
 
I saw the report or heard about it a while back but I was holding DFIB and I think it is being over shadowed by the competition from ST. Jude Med and a couple of other major players. Good potential, but I'm just not sure who the major benefactor will be.

As expected the FED didn't make a move on interest rates as they can't figure out a way to help the market and the economy after blowing it off 2 years ago under Clinton administration. There was so much smoke blowing about how good everything was (Clinton bubble) going that when the smoke cleared and 7 interest rate hikes and triple price increase in oil that the truth finally come out. Now we have an up hill struggle as the market still is fighing $30 a bbl crude oil prices.

Market dropped on the news so we should get a rebound as past experience showed when it bounced on the news, it then fell back. I'm voting for Nasdaq closing green and DOW less than 100 down at the close. What do you think?

Bruce