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Politics : Idea Of The Day

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To: Stoctrash who wrote (37565)	3/28/2001 3:26:55 AM
From: IQBAL LATIF	Read Replies (2) of 50167

As futures are down 17 let me make my case here.. <<Palm with a 1/4 BILLION Revenue miss..."the econ is fine" LOL Maytag Issues 1Q Earnings Warning>> Economy is not Palm or MYT, when was last time you ever purchased Maytag. These big disappointments are fully built in hte market. Economy is determined by the events hapening now that will impact future, instead of looking in the rear lets try to look forward. Today we have this ugly numbers from NT PALM, you seem to forget that all this 80%-90% is built in the market rest of the 20% may take some toll on NAZ today, but I don't see these two breaking the market after what we have seen yesterday after the number, don't be carried away by these drop in futures they have fooled many a souls before and shall continue to do now... SOX 600 would be broken and 592 tested on NAZ I expect all the gains of yesterday to be wiped out..in the initial hour..after that I am not sure.. HEX opened down 80 now it is in positive territory, FT tech index is down uk.finance.yahoo.com^FTT1X+@^FTT1X&f=snlcvi ..please look at this too.. uk.finance.yahoo.com^STOXX&d=t ..but not very much becasue PSION the counter part of PALM here or the competitor in Symbian tech is suffering like this from 10 to 1.. uk.finance.yahoo.com Not much left in this to sell further..so I will not be surprised that by the time we reach USA at 3.00 we may looking at a rally in BKX and DOW and a selling in NAZ, this was very much in the market and has been blown out of all proportions..Lets see..

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