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

To: Dave Gore who wrote (13103)	9/27/2002 8:38:45 PM
From: Carl Worth	Read Replies (1) \| Respond to of 16631

despite the fact that mish is way too dogmatic in the way he presents his opinions, i think in the case of ESST he is correct...it isn't called inside information to do research and see what is selling and what is not and to study technology and know that the price of components always declines over time which causes margins to shrink add to that a slow economy and the fact that there have already been a ton of dvd players sold over the past few years and it makes sense that ESST would start to see a slowdown in their sales...even 90 days ago the estimates for ESST were 1.44 for this year and 1.50 for next, that is dismal growth, it doesn't take insider info to look at that and say where is the future? i traded ESST many times and did pretty well on it but when they didn't guide higher at their last report i sold the shares i owned at that time after hours for a small loss (bruce can verify this in case you wonder if i am just trading in hindsight) and was glad to be done with the stock...unfortunately i didn't short the stock at that time, i would have been wise to do so in any event, there is no doubt that at times people have insider info, you see it in the volume spikes the day before a company gets bought out sometimes...however, in the case of ESST the shorts clearly did their homework and they were right on...i don't always agree with the tactics of the shorts, but then again i don't agree with the tactics of some longs either, but the results speak for themselves, anyone who was short and stayed short made some nice money and anyone who was long and stayed long got hurt carl