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

To: IQBAL LATIF who wrote (30132)	12/17/1999 9:41:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Some comments.. FWIW.. only for some outside them oney positions if we break the range on closing basis.. <<I only have a minute tonight, but the message is, Watch Out. The DJIA is getting dangerously set up for a big time breakoutyet again. A new high if it comes, will most likely be followed by a moonshot to 12,400. The stage is set, as the DJIA has basically been in a sideways trading range near it's all time highs since May (exactly as Microsoft was until a few days ago). If we do make a new high here, batten down the hatches, buckle up, and you'll witness yet another "upward crash" in short order. I can't believe it will happen, with horrible breadth, terrible put/call ratio's, an overbought 10 day Trin. reading, and the bond market acting so crappy (witness the Utilities), BUT, if we make a new high, it will be yet another "relative strength/momemtum" race for the roses. Stay tuned, if this is going to play, it will do so by years end! >> ) DEUTSCHE BANK ALEX BROWN fwiw................... <<JBL reit buy, top line slowdown from component shortages, target $120 <<JBL reit strong buy, reports strong 1Q '00 estimates raised from $1.50 to $1.56 and raised '01 estimates from $2.15 to $2.17, target $102 >> <<GRUNTAL & CO AFCI initiate coverage with a 1-1, ST target $50, LT target $60, leading digital loop carrier JNPR initiate coverage with a 1-1, ST target $420, LT target $650, fastest growing Internet router CACS initiate coverage with a 1-1, ST target $70, LT target $90, fastest growing integrated access company CSCO initiate coverage with a 1-1, ST target $130, LT target $160, leader in Internet and Enterprise networking TLAB initiate coverage with 1-1, ST target $80, LT target $100, best performing Telecom equipment vendor LU initiate coverage with 1-1, ST target $100, LT target $120, Telecom leader with broad array of tech AZA upgraded from 2 -2 to 2-1, after failed merger with ABT INTC reit 1-1, ST target $100, LT target $120, extremely well positioned to leverage itself in 2000 >> <<NKE upgrade 2-1 to 1-1, stock off 30% from 12 month high >> ORCL reit strong buy, lowering prices on its Oracle 8I >>

To: IQBAL LATIF who wrote (30132)	12/17/1999 9:59:00 AM
From: greenehugh	Respond to of 50167

What would be your RUT picks? Thanks.

To: IQBAL LATIF who wrote (30132)	12/17/1999 6:32:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Acampora bullish on Internet stocks By J. Alex Tarquinio NEW YORK. 1:50 PM EST-The man who predicted Dow 10,000 says it's not over yet. Not only does he think the wider stock market is going higher, but he sees more room for growth in the already lofty Internet sector. "These people are not making hula hoops. This a real industry and it will always be there," says Acampora. He compared Internet stocks with railroad stocks at the end of the 19th century. "In every new industry everybody gets into the act and there's a huge shakeout most of the companies don't survive. But that doesn't mean the Internet isn't a major new force." To be sure, Acampora is not a name you associate with the Internet. But he is known for going out on a limb. Prudential Securities' widely watched technical analyst was scoffed when he first predicted in 1995 that the Dow would rise to 7,000. He says the latest run-up in Internet stock valuations is not necessarily a sign that this is a bubble. "I hate the word bubble because it means that imminently this thing is going to blow up in your face," he says. "Sure, every bull market has a speculative binge. I just don't think this is it." Acampora applies technical analysis to explain the high volatility of this sector. "Yes, we're going to have some nasty corrections," he says. "Look, the Internet peaked in April and then dropped 50% by August. And now it's on it's way back up. But rotation, expansion and contraction are very healthy signs of a bull market." But this doesn't mean that he's oblivious to some of the stratospheric valuations for specific Internet stocks. "Of course these little dot-coms are going to merge, they're going to go out of business. There will be a shakeout--that's all. And we'll move on," he says. As for stock holders in individual Internet companies, he acknowledges that they're taking a big risk. "They aren't buying earnings, they're buying a concept. And that's okay. But this is where greed comes in, and the concept of a bubble comes in. They have to have some sense," he says. But even though he sees some stomach-turning times ahead, Acampora says he ultimately sees the overall market cap of Internet stocks going higher.