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Politics : Idea Of The Day
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To: Frank Griffin who wrote (20864)10/10/1998 5:18:00 AM
From: IQBAL LATIF  Read Replies (3) of 50167
 
Thanks--- we try our best to bring what is happening behind the scenes, we have been sometime a little earlier like short bond trades but definitely we see our levels in this bond case it was with little pain but payoff was equally great..-- 135 was looking unsustainable on bonds and once bonds broke we knew that selling in equity markets cannot be sustained it was at 935 level we were buying NOKIAS \DELLS PFE, now that said we also bought some before break of 1498 expecting that support to hold it was not to be but as I look back at my strategy I find it classic piece of exectuions- on break of 1498 and 600 I bought a spread 950 900 - got out of the one leg that is the long long put at worst possible time. I was looking at bonds and I was realising that Yen strength and bond weakeness is showing me that unwinding of long bond trades and yen /$ trades is towards the end whereas a common person was worried about all this readers of my thread were getting minute to minute behind the scenes trades and levels-- it was this that we got out of the long puts and added huge positions in NOKIA DELL MSFT PFE SUNW CSCO at lows-- now for yesterday I predicted 1460 and 600 on Composite and Banking to be to be taken out and that is how things unfolded-- I made money on the way down . positioned myself on the way up averaged down my earlier longs and now sititng on a great week performance all this from 8000 miles away-- I cannot be more thankful-- to SI and my friends here who have helped me become a good trader as I write my plans before execution and this helps me to overcome first don't of trading never second guess your own strategy-- I am now out of my short puts and sitting to device a new strategy to see composite moving up to 1575 level-- I will like I said earlier dismiss the 1320 test as a false break since we did close above 1460 the lows of Oct on next day and we did not have two closes below old lows---

10/9/98 3:45 pm... CIYSTEMS (CSCO 49-3/4) UP 3-1/8, A.G. EDWARDS UPGRADES
TO BUY FROM ACCUMULATE... Analyst Peter Andrew tells salesforce recent
significant weakness in CSCO has created compelling buying opportunity... Says
factors related to general slowdown in telecom capital spending, reflected by
ALCATEL and NORTHERN TELECOM, should not be applied to CISCO as its emphasis is
in the data market, which is not slowing down... Notes Internet still growing
rapidly, cos. enjoying tremendous gains in productivity by becoming more
network-centric... Sees $1.44 FY 99 (July) EPS, $1.72 FY 00... 60
target./J.Holloway

I love this stock--- CSCO at these levels---
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