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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (16451)	1/18/1998 4:14:00 PM
From: J.T.	Read Replies (1) of 50167

IKe: for everything except the SOX index. What gives? Kurlak opens up his mouth again and this time its MU and he thinks its going back to $20 (b/c of lower DRAM prices) after queen Abbey recommends a few days earlier. Needless to say, I don't think Kurlak is going long INTC or any other semi stock anytime soon. Take a look at configuration of SOX when 275 area was support end of Oct. into Dec. before this support finally got "taken out" hard on third or fourth "kamikaze" attempt. Now look at 1 year picture via SOX and WE ARE RIGHT WHERE WE WERE AT BEGINNING OF 97'. Nice "bell curve"... All these productivity gains in SOX and "SOX index" total return for year has nothing to show for "productivity gains". Better hope we don't go back and test 243 one more time or were liable to take out support before we rebase around 214-224 area. Any feedback is welcome. BTW thanks for "Jubaks Top 50 stock ideas for global world". Definitely worth "sleuthing into". JT

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