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To: IQBAL LATIF who wrote (27513)	7/14/1999 5:48:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Yhoo..CMGI ...YHOO fall sharply in the opening but recoverd and closed above..its 25-and-50-day moving averages. from chartists....point of view.. ,,,While the action during the morning session looked ugly, Yahoo made a strong recovery during the afternoon session. Yahoo fell all the way to $145 before finding support at that level. The important thing is that the stock managed to close above its 25-and-50-day moving averages. Since it?s sharp pullback from $180 to $145, technical indicators reached an oversold level and Yahoo has the best chance of a technical rebound of all Internet stocks. CMGI//CMGI did come close to its 25-day moving average around $105, but rebounded strongly by the end. As long as the stock stays above its 25-and-50-day moving averages, current pullback would be viewed as nothing more than profit taking.

To: IQBAL LATIF who wrote (27513)	7/16/1999 11:26:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Some important issues like SCH earnings.. and my comments on economic numbers of today... <<Adding Capacity Adding computers and people is crucial for Schwab, which has had eight Web site crashes this year. ''They need to build the infrastructure to handle all these new accounts,'' said Amar Mehta, analyst with CIBC Oppenheimer. >> Who benefits from infrastructure? Naturally the leading stocks.. On inflation.... The reports are good today.. Now industrial production is increasing but the gap between capacity utilization and industrial production istead of converging is further diverging, now the little economy I know we should have this convergence in the industrial production and capacity utilization, this was one of the yard stick we use to measure old economy's infaltion earliest trends, the new paradigm even refutes some long established facts..! This was David Orr, Chief Capital Markets Economist in April of 99 when cap utilisation dropped from 80.3 to 80.1. This is his abervation before the .25 rate hike.. << As far as Fed watchers go, we would point to another drop in Capacity Utilization, to 80.1 from 80.3 (Manufacturing, to 79.3 from 79.5). The consistent drop in that rate argues strongly against any Fed tightening. It indicates substantial slack in the "product" market, which has offset the tightness in the "labor" market. Until global overcapacity is reduced, the Fed can remain calm despite an ever lower unemployment rate. >> Now in June we still have a similar problem.. a reduction in fatory use indicating a higher productivity hence inflationary pressure.. <<U.S. June Industrial Production Increases 0.2%; Factory Use Fell to 80.3% U.S. industrial production rose in June, the seventh month without a decline, led by U.S. demand for automobiles, computers and electricity. Capacity Utilization The plant-use rate, which measures industrial capacity in use, fell to 80.3 percent in June from 80.4 percent during May. Analysts had expected a June reading of 80.4 percent. May was previously reported as 80.5 percent. >>