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Politics : Idea Of The Day

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To: Al Serrao who wrote (18102)	4/23/1998 2:59:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Al--Will Mr Kurlack will put up or shut up now! Lat this darn thing move up SOX NWX DDX INTC TXN-- shorting semis would be a classic mistake last week I said goes higher he cut the rating he is way off the mark but still in Job. We will not let him have semis for free INTC 68 is INTC 84 baby enjoy your rating cut. We are going through a period of finest calls on TXN INTC SOX DDX NWX even MEL one of my banking stock highlighted on this page was subject to a hostile take over bid. With MSFT beating estimated without a new product cycle I would not bet on short side of Techs. I think if you go back to Kerlack downgrade of INTC last week and our reaction to it and nice to that market answer to my SOX critics is swift and excruciatingly painful. ggg My strong bias on Techs coming to its logical conclusion with a strongest move last night exactly as I predicted. I am now concentrating on this divergence to play out a bit let me see how we face resistance at SPX 1130. I would like to buy some puts here if it fails that would give me a protection in SPM. Watch out here carefully I am exepcting this to be taken out but I ahve some important indicators flashing problems with SPM I will dwell on it from Paris as I have to leave now but watch out the 1130 resistance/I have no problems with this move it falls perfectly within realistic realms of my forecasts. I have been looking for this divergence not grtting it but watching it come. The Bhumbo 2 is a full 12% move in four days four trading session. You should not worry Iwould expect market fully priced as far as S&P is concerned but Techs forward looking statements are yet to be fully appreciated. I have betted on thelong side of all these stocks and will continue expecting divergence and money to start flowing soon into techs. I was to be honest expecting MSFT to be a classic case of buy the rumour sell the news imagine it beats even the whisper expectations by a margin the stock being up strongly was up 121/2 cents post close trading. The move in INTC and TXN I would expect would take us beyond 330 soon I see a big resitance on 330 but I saw the smae beyonf 310 once I had a double close 310 I am thru with it so for me my techs are bwhaving finally they should I see no hype. I wish Kurlack isses another downgrade- Kurlack my message is put up now or shut up.This is along the lines to Barrons when I told them 8000 steal of the century the Editors should put up or shut up with 2000 points above that Barron is still in business and so is Kurlack I hope this time he misses big. The idea band wagon rolls on.

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