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

To: Kona who wrote (29397)	10/20/1999 4:57:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Kona.. Thanks a lot. On bonds according to BCA (the greatest of all bears who have been calling a bear market since 1995) the yields are in the oversold territory, if 5.36 is taken out on two closing basis we can see 3.50 otherwise I would be gradually making some long positions in bonds, from this area... IBM came on dot and we hit the resistance of 1303 tomorrow if we keep above 2414 and 1303 that will be a good sign for another move to 1328 area.. right now I am for IBM, the lowered expectations or managed expectations after last two quarters where stocks was hit hard on back of even good numbers is a new strategy, look at Balmer's comments on MSFT that started a big slip and than they announced that 'awesome demand' and now IBm lowering expectations and hitting it good, the stock after market hours was trading at 1/2 $ higher.. the test of the lows did not materialise.. neither did we see a break of 2395..