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Pastimes : Ask Mohan about the Market

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To: Char who wrote (13092)	1/14/1998 1:53:00 PM
From: Zeev Hed	Read Replies (3) of 18056

David: I think it is a short lived bounce. Please understand that 12 will be a basement bargain price if we indeed get the SOX to 200 and the Dow to 6200 during the first six months of the year. We had both INTC and AMD earnings coming above whispers and expectations yet the SOX is down. I think that the bulk of the decline will be in February, and I do not see right now any reason to change my mind. I personally may not wait until 12 to buy, unless the market gets another ugly period like late October. But I am quite happy right now sitting with 80% cash and see how the saga develop. These are my opinions, David, and you should know that I have had my share of being wrong, and wrong quite often.

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