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Politics : Idea Of The Day

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To: contax who wrote (22859)	1/24/1999 11:14:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

Karim-- I read this interesting article, I think I am in for a quick trade from where I entered already AMZN is nearly 30 point up, that was my take that this is the support at 50 days- it has always been my belief that 90 out of 100 times herdish opinion is not the right opinion, on that particular day when it was selling hard my reason to enter was based on a bounce back as I could see shorts at 190 level going for the cover.. right now I am just looking it as trade. I reiterate that 'internets' for me is a trade and will remain as such. My exit is very tight and I will be out if DOT breaks that 472 level for more than 45 minutes any day... As you know I had highlighted 'Soft bank' a Japanese stock on this page last week at 62, this is also mentioned as holding big stakes in Yahoo. For me these stocks will come down to earth but I have many a times played pure opportunities and gotten out of them. This is also one such trade.. I agree that 'Yahoo' earnings may have been helped as suggested by the paper..Look at Lycos,...also..

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