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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 (15832)	2/19/2003 12:05:39 PM
From: Bob V	Read Replies (1) \| Respond to of 16631

Bruce. I’m not so sure that holding is the thing to do right now. INVN has broken support level at around $23.00. You have to take what the market gives you. As far as the fundamentals, the market values future earnings not today’s earnings. I don’t follow the industry but possibly the thinking is that the market for bomb sniffing devices is now saturated as most airports etc have the equipment in place or on order. Also there may be competition or new technology coming on the market that we are unaware of at the moment. However for every seller there is a buyer who thinks the market will go up. Right now the sellers seem to be winning and as a trader it shouldn’t matter what side your on as long as you’re winning.