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Politics : Idea Of The Day
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To: PMG who wrote (34626)10/11/2000 12:51:33 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
Yhoo ad revs in question so that will sell to as low as 71 or even lower, LU the have revised the growth the second time but they did say that internet revs were up so were micro electronics that have been hit hard, MOT handsets sales were poor although it meet the expectations, in all the reports arebeing looked more thoroghly that is good for the market as selling exceeds expectations.. we did it 1383, a near big miss by another major will take the 1382 out to 1350 area where we can expect a bounce. However I am consentrating on damage control add put options on a resistance and sell them on supports, I did that from 1400 to 1382 area but selling short that is an area I have never being comfortable I will not do it..

Yesterday XLNX and ALTR targets were revised to 100 and 60 from 110 and 68 market cut them down to size but cutitng them to half, that in my opinion is the approach of a market that is ready to execute no questions asks, that is also a quality of the market that has made significant run.. this extended correction or a bear market is now entring a new phase of advance decline and here we are looking at prospects of 605 on SOX IIX 400, these are also levels that will prompt short sellers to cover and bargain hunters to reappear.. on whole we may see further damage to NOK from MOT announcement but some help to micro electronics ..
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