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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom Trader who wrote (6337)10/15/1997 12:29:00 PM
From: IQBAL LATIF   of 94695
 
Tom- I think without accountiblity of our thoughts we will become 'stock hypers' -it is imperative on you and others to tear counter reasoning apart and that is how I think we can go forward- I think I should congratulate you for very professional approach you have kept in highlighting genuine concerns and I have always tried my best to convince your concerns albeit I may have not been successful but I rate you amongst brightest people on SI. Your reach is far beyond a 'trader's' outlook- for me your name should be 'Tom the Inquisitor'- you grill people very well and I remain one of your admirer- it is people like you who provide a counter point and if we can agree to disagree politely nothing better- I Mohan Bonnie Tom also Bill have in my opinion reached this subtle agreement. I thank you for a very good response.

On new positions- I will only start further accumulation if SOXx closes above 392 twice and bonds take out 116,16-I will like to see SOXx and bonds above 367 and 114,14 respectively alongwith SPZ above its 20 days MA- probably this test is over a period of next two weeks I will only than recommend initiating new positions, I am presently in hold situation on new positions subjecting myself to this small discipline- I think we will see CPQ blasting numbers tomorrow but stock may give up some points before going higher- CPI will also lift a lot of uncertainity or add I am biased towards lifting- I will also look forward to emplment cost index on 28th- all said I am bullish on JBIl if it stays above 521/2- TXN around thses levels- DSP will do good to them alongwith split. TLAB and VTSS good positions for me.
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