Idea Of The Day Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Olson who wrote (22034)	12/21/1998 4:48:00 PM
From: IQBAL LATIF	Read Replies (2) of 50167

OJ- For what it is worth the traders in the pits still are not convinced about this breakout-- they were still advising caution and hence all our trades are cautious as Ray was saying Ike without leverage out portfolio limps- we are not just use to ordinary returns. - one interesting discussion I had is it not a 770 like break? we never really turned back to see 770 until now why not 1350 on SPH the way it is going - they say that we need to see this huge run up in context of what happened when we had and a false break down, every one was bearish and that was a false break like- wise one can have a double close here above 1195 and we can still fail, we can see a false break up- In their opinion market is rightly valued between 1080 and 1120- here at these levels they ordain caution but market break out become excessive and this in my opinion if gets associated with DOW breakout we can see a move to 1350.. If AMZN on internet expectations can trade on 400 why not CSCO which provides the paraphanalia and why not IBM.. until these internets stocks are flying these others have much bigger potential too.. euphoria has no bounds.. I think they just cannot see the potential of money the FM's have to park and higher SPH moves the more difficult is for them to beat the index it leads to frenzy of buying..- so they need to allocate more money - I am always weary of market making new highs and this is one such market- one needs to play it carefully and with all its caution cannot take advantage of move higher in stocks where earnings are visibly going to beat the market estimates.. RUT 402 break is a very positive signal and one would like to allocate some money if 402 is maintained -- RUT in my opinion will give good return if this market stays above 1155.. in next quarter..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next