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

To: Nancy who wrote (12998)	9/26/2002 6:23:58 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 16631

grub

To: Nancy who wrote (12998)	9/26/2002 11:03:06 PM
From: Dave Gore	Read Replies (4) \| Respond to of 16631

Nancy, ESST is history. I'm kind of tired of talking about it. I haven't traded it in months. Some of us made a big deal because the company was killing earnings and yet the short position was increasing. The next quarter they killed them again, and still the shorts were there. Somebody knew something. As far as the insider selling goes, if you heard the Conf. Call, you knew that the explanation and it made some sense. But maybe they knew somthing negative as well, privately. So perhaps that was a clue after all. But again, the point was that the "shorts" COULDN'T have known anything was wrong, because there was nothing publicly exposed and they were beatings earnings soundly. But hey, the smart ones realized there was probably a good reason the shorts were attacking it OR they were likely going to somehow win anyway, so most of us just bought on major dips for a trade and some shorted. I don't know of anyone who held it very long. So it's water under the bridge and a lesson learned. Luckily I made a little overall on it, after I started TRADING it.