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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (22659)1/15/1999 6:17:00 PM
From: oexplayer  Read Replies (1) of 50167
 
Iqbal:

May I toast you on another fine call, Brazil! How is it you pick bottoms so well? Don't you know that many guru's profess only playing stocks/indices hitting new highs<g>. That's why they could not possibly buy WDC at seven, or LRCX at nine and change. No, they buy when the move is confirmed which is fine, but actually decreases returns IMO.

Bought (TBH) Telebras ADR yesterday at $57 yesterday and was glad to see the great Iqbal see it my way. I like your target on Japan, and will be watching the trading closely at those levels you pinpointed as resistance. Got in early on OEX calls yesterday, but dropped two strikes Thursday P.M. and they took it up hard today. Hard to believe things are actually continuing right where they left off in 98. Still thinking DDX and SOXX see more upside into Spring. BKX was very strong as was DJT on some upgrades. Curious to hear your outlook on SOXX since it closed right on your number? Didn't print a new high today, so are you looking for one more close above 403? Have a great weekend my friend!

Kevin
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