SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Idea Of The Day
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IQBAL LATIF who wrote (19073)7/28/1998 10:06:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Market pre-ECI as anticipated we are seeing a higher SOX with some recommendations of a buy on INTC with a target of 105- I am looking at COMs would add some more calls here and sit for that big move up-- on compoiste I have a feeling that we need to test that 1922 area again--- I would like that this market stays within a range I would also like churning and change of guards as stocks like INTC TXN come to fore and high p/e monies come out of speculative stocks into more reasonable product rich profit oriented stocks. I think we need to see this level of 1155 on SPX very carefully it would take some time before we cross it -- I have just a feeling that ECI will not be as per expectations. I would expect it to be slightly higher that should take this 4 down to may be 10 down or as low as 1136 -- we may also see that my ultimate test of 1118 is possibly on cards as my level of 24th 8806 remained unfulfilled.

It is a range bound market we will skim and I call for caution however I remain cautiously bullish on CSCO INTC TXN SUNW EMC Northern telecom ASND and of course last but not least COMS -- we have been also banaging a lot NOKIA this is one of the most profitable stock we highlighted (courtsey my European broker). Ericson was a dud but I will reiterate buy on this as fundamentals remain good. I would like to see SOX attempting 263 area for a test and DDX 145- from lows I would like to sell some puts on DDX at 130 expecting them to expire worthless- but as you know it is high risk strategy. On transportation I think we will see a rally in that sector, Banks are also setting up but it all depends on ASEAN signals also today ECI will be important. bi bi Will talk to you post ECI it is consumer confidence actually-- I tend to answer the little questions or queries I get on my thread and will certainly do that as soon done with my trades today.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News