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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (18339)5/8/1998 7:24:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
I think lot of people must have whipsawed by the market with SPX 1105 and 1112 movement-- I would think that once we have strong earnings let them work their way thru. I would rather suggest that fine tuning day long in these circumstances is nothing but detrimental- one needs to take take time out and relax. Let the pits punish the waverers.

I was looking at SOX what a nice come back from yesterday what looked an awful close. 316 plus and INTC Asnd strongly up suggest what a pain Mr Kurlack will be going thru-- TXN and Semis have led the charge and his clients are left with Mr Toms good wishes. He downgraded semis on a note which was unfair and I have no sympathies for some one who wanted to upgrade INTC at 67$ so thatr he looks a hero at the moment with semis ralllying his moves have fizzled out. I have written earlier that we will not let Mr Kurlack and his clients walk all over us. No cheap entries MR Kurlack-- are you hearing-- you pay for what you get. Now DOJ is your last hope--- get this whole thing upside down and issue a buy and look a champion-- but sometime markets have their own scores to settle.

INTC and TXN moves were just good and I would like to see as I get up in Pakistan on Monday morning to see ASEA up-- I don't second guess my calls and would like this rally to continue until CPI drives the final nail in inflations coffin.
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