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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 (13114)	9/27/2002 9:37:47 PM
From: Dave Gore	Respond to of 16631

One other thing ---- most traders are the perfect prey for the Power Players. PP's have far more patience to set up their plays for their maximum gain and the small guy's maximum pain. They don't mind taking months to do it. Traders are inherently impatient, making them the perfect pawns. At least the naive ones. A panic sell-off can gain tremendous momentum as it filters down from the trading floor all the way down to the small guys at his office that finally gets the word. That's why I try to be so patient in selecting my ODOD's. If the selling wasn't way overdone, then I don't get a good buy point with a high enough REWARD/RISK. It can obviously work in reverse for shorting.

To: Dave Gore who wrote (13114)	9/27/2002 9:41:41 PM
From: mishedlo	Read Replies (1) \| Respond to of 16631

$2 was an off the cuff # without looking at anything. In other words a pat answer. If I said that about TXCC SONS or a bunch of others I would not have even believied it myself. Seriously, two years ago the thought of TXCC trading for .40 would not have occurred to me at all. Without looking why not $2 on VSH? OK I will look. Now don't blow your stack at superficial analysis. But this one looks horrible. 18M in income negative earnings horrible sector oversupply and too much competition on what it produces 1.5B in market cap $2 can be way overvalued Seriously .50 can be expected if this bear drags on too long. I would expect a 50% haircut from here. Actual target $3 At $3 we will need to revisit M Vishay Intertechnology develops, manufactures and markets active and passive electronic components which include resistors, capacitors, inductors, diodes and transistors. For the six months ended 6/30/02, revenues fell 5% to $892 million. Net income fell 81% to $18 million. Revenues reflect the downturn in the electronics industry and downward pricing pressures. Net income also reflects reduced gross margins, higher SGA and interest expenses and lower interest income.