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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (15365)	12/9/1997 6:19:00 PM
From: Judy	Read Replies (4) of 50167

Ike, my dear, this is a time to proceed with caution within the longer-term bull market. This Asian flu cannot be cured quickly and may need a good dose of antiboitics to expel it. Today the ORCL debacle demonstrates what can happen. Stock has been hovering at/below its 200-day ema waiting ... and it got a 30 percent haircut in share price although Asia contributes only 15 percent of its reveneues. Numerous tech stocks are hovering about key supports waiting for fundamental news to clarify the direction. Note that dd's and semi-equip makers have been devastated due to the unpredictability of the Asian currency situation on future revenues, BUT the semi-equip makers can still get a similar haircut as ORCL; semis such as LSI and ALTR and TXN knocked for a loop; NN, ASND helped by Mory's lies, CS and COMS all prewarn and subsequently tank ... imagine if CSCO pre-warns too for generals are the last to fall. January will be an interesting month. Wow, if a telecom like LU or TLAB prewarns ... or if a boxmaker like IBM or CPQ prewarns ... and you get my drift.

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