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Politics : Idea Of The Day
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To: steve susko who wrote (19065)7/27/1998 4:50:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Steve-- this is one thread you will find both recommendations in ample supplies-- now I have been long IBM from much lower cost basis or NOK so for me to reiterate a buy on INTC where I issued a buy against sell of Kurlack at 72 is something very aggressive-- now a days I issue my stock likings every other day ETH was last just few days ago with some others I also have been very negative on internets stocks with exception of AOL-- this is an area which I would like to highlight as a potentialy dangerous area that can take market to much lower levels as composites takes out 1865 which it can easily do, SPU will break supports like 1118 and can go lower to, however you should appreciate that composite moved much faster than SPU and so will be possible decline-- the 50 days on composite is at 1852 area if I am right and major support of SPU is at 1118 so for me I need to see what will sell and what will not as such I will like to keep my self exposed to stocks I have been highlighting here--- this is one thread that from begining have maintained a market for 100 odd stocks we are not in every thing but enough to be where the real action is. The limited nature and universe of my recognized stocks restricts me not to venture into RUT 2000 type of indexes this I rarely follow, but would do so when I think it will matter as an indicator that will be only at a breach of certain level.

I will bring that into account but anyway look at CSCO--- TXN and components of PSE, try to see recent strong buys post numbers, detest high multiples with no earnings go for products, productivity and profits.
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