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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27760)	7/24/1999 11:20:00 AM
From: KM	Read Replies (1) \| Respond to of 50167

Ike: You had said earlier that you would cover shorts at ~1356 SPU. Since we got there Friday, did you cover or are you holding shorts over the weekend? Thanks.

To: IQBAL LATIF who wrote (27760)	7/24/1999 2:52:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Every day Idea magic continues.. but 1358 remains one more level that was identified and we saw it touched it and bounced off it.. I talked about it first on 21st July... No other thread on 21st or afterward mhighlighted this 1358 level as critical so was 10863 the DOW support and if you remeber the point where we reversed 11203-4 was my DOW double close point in recent rally. I have this bird's eye view of events.. I do it nice and learn from it, I like to go back to it.. for matter of record.. please go and test 1358, 11204 and 10863 on search Idea will be the thread where these are configured and highlighted.. to know market come to me..ggg <<Wednesday, Jul 21 1999 12:06PM ET Reply # of 27761 If we break supports it would be just a test of 1358 level or 10516-- for long term integrity of this market we need the self adjusting mechanisms.. these sell offs reaffirm to Fed that markets can write off huge mountain of exuberance by exercising self retraint.. >> A query.. <<Wednesday, Jul 21 1999 12:09PM ET Reply # of 27762 IKE, At a break of what level would you believe a test of 1358 would be in the cards. I assume your 1358 is the SPU level, not the SPX level, but please clarify that. Thanks. -Scott>> My answer and it followed the way I thought it would.. 1358 was touched and kissed so was 10860.. <<Wednesday, Jul 21 1999 12:33PM ET Reply # of 27762 1378 is the critical support if we break 1382 we will go down five points lower but if we close today below 1382 we have all the chance that we may see that 1358 area on SPU... yes this is SPU level I rarely mention SPX.. the level of DOW supports I am looking at are 10863 and 10516 the problem is that when these supports are tested so much of market momentum gets unleashed that more often than not we see overshooting of levels on upside and downside. >> In a surgical precision the market rebounds from my point of 1358.. quote.com I myself get totally surprised I woudl have not noticed it so much if the question from KM would not come, but look at the minute chart see the rebound at 1358 as if Ike levels are pits talk.. but pits never plan 3 days in advance they don't even know about next minute.. I hope I can continue to read the markets with this precision and ability. The only thread mentioning this level as Idea. since this correction started.. after MSFT IBM blockbuster earnings..where i quitted MSFT IBm pre earnings for the first time, just noticng that if Yahoo can be cloberred for beating 'whispers' and INTC rewarded for failing 'whispers' it is marekt which cares for future and as such I thought they would beat the hell out of MSFT IBM.. I was right, Ericcson was treated with red carpet they were bas but future prognosis was great, so is this market.. If you want to play this marekt read the future well macro and micro.. Ike

To: IQBAL LATIF who wrote (27760)	7/24/1999 3:03:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

10863 again is only in reference to DOW on Ideas only.. on 21st this was my take..Now these gurus look at marekts on daily basis but no one writes the way I do and therefore 'Idea' would remain the most innovative and original thread.. when in the morning market is up I would say 'it would go down' and when others are saying 'it is a break' I say it is bounce from here.. Learning through going back constitues my important tool, although I should say I ma totally taken aback from these rate rumors and I never thought that AG will say soemthing along this forceful fed view, I thought BKX was good but for me that 892 break was impotant.. now looking at 850 rebound. <<Wednesday, Jul 21 1999 12:33PM ET Reply # of 27764 1378 is the critical support if we break 1382 we will go down five points lower but if we close today below 1382 we have all the chance that we may see that 1358 area on SPU... yes this is SPU level I rarely mention SPX.. the level of DOW supports I am looking at are 10863 and 10516 the problem is that when these supports are tested so much of market momentum gets unleashed that more often than not we see overshooting of levels on upside and downside. A thinking trader is a little ahead of the game, I am a trader and still short of that 'thinking trader mantle'. I have worked on it for last 'donkey number years' of my life, I could have been a 'economist' which I am not, I decided to become a trader a self inflicted pain..gg I gave up other pursuits, I think that dynamics and fluidity of the market can only be understood with time and hard work and full application, like a 'Doctor' makes it to the surgery after great number years of residency and studies, I wish those who want to trade should realize that 'trading' is also a full time job, if you are ready to work on it the market is all yours, one dosen't need to do a PhD but has to work hard and learn with time and pay his dues. One does need a lot of training of mind and 'courage of believe' to sustain the positions or cut them when things go bad, this I could unfortunately only learn when I put my money on line, the decision to cut has always been that most difficult abhoring task... I keep learning every day, I try to keep ahead of the game but still it is an ocean and I think I only know of some of the hazards, 'market knowledge' and 'events driven trading' is my love and I keep trying to just do it every day and improve my skills, like any other profession it is hard one but most rewarding one too, it needs break from bulls and bears attitude. >>

To: IQBAL LATIF who wrote (27760)	7/28/1999 5:12:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

In Motley Fools.. I would do this above 592 on DOT two closes .. or I will keep trailing this until DOT hits 510.. Where should we put this money? My simple answer is: Yahoo! (Nasdaq: YHOO). The company has strung together one successful quarter after another. On July 7th, it announced second-quarter results showing a 156% increase in revenues, to $115 million. Gross margins settled in at 86%. And Yahoo! generated more than $28 million in profits. Finally, the company closed up quarter two with not a lick of long-term debt and $638 million in cash to plow into its Internet-obsessed business. For the scorekeepers, Yahoo!'s Rule Maker score against the competition has consistently rung in above 50 -- running in step with the outstanding rankings of Cisco Systems and Microsoft. And if you're looking for temporary pricing depressions, consider this: After the general sell-off of Internet issues, Yahoo! is now trading 43% below its highs of the year. That, dear Fools, represents a greater decline off its annual highs than any stock in our portfolio. To put it all together, Yahoo! has a powerful consumer brand, a blistering pace of sales and earnings growth, plenty of cash to maintain its leadership position, rigorous controls over balance-sheet items, tremendous future opportunities -- and, if it means anything to you, a stock that is more than 40% off its highs of the year. Yep, YHOO. That's my recommendation. What's yours? Tom Gardner, Fool