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

To: IQBAL LATIF who wrote (31111)	4/12/2000 6:29:00 AM
From: Jerry Olson	Respond to of 50167

Morning Ike... i am already long NOK-QCOM, but will roll out and up next week, as QCOM reports on TUes...i played the 4-1 stock split on NOK and own the 50 strike calls... i feel we successfully tested 4000 on the NAZ and 1500 on the SPM, these were simple Fib retrace numbers at 50% of the moves... now if we can break out thru your numbers i would think a nice surprise rally could insue....don't know when, but there's a cycle low coming in on Fri the 14th, but a nice up move for next week... i think next TUes what with KLIC-QCOM-INTC-TER-LRCX-IBM-all reporting we could see some power in the move.... KLAC reports Thurs, before the bell along with SUNW... so i looked at the DJIA and 10,450 is the new buy signal, we already broke thru your number and closed above it...today might help support these numbers... i like the wireless area like you do...NOK provides good value, and as for the semis, they are as busy today as ever in the history of the industry...QCOM is just waiting for a major explosion..it's current sideways movement is setting up a big move up here... today should no different than everyday....volitility at it's best... let's rock Ike...

To: IQBAL LATIF who wrote (31111)	4/12/2000 8:44:00 AM
From: fourptt	Read Replies (1) \| Respond to of 50167

Hi IKE.....If you expected a sharp selloff in the next 2 weeks, how would you play it with S&P puts?...As always, thanks for your educational posts. Thanks....Nelson

To: IQBAL LATIF who wrote (31111)	4/12/2000 9:03:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

Ike i need to correct a number..i keep saying 10,450..when i mean 11,450 on the DJIA...double top buy signal if it happens... i'd like it today please...<g> they downgraded MSFT this am, the futures tanked, but have recovered nicely..a positive i would think...MSFT started this NAZ Crash...if they ignore this downgrade, this would be a good change of sentiment...

To: IQBAL LATIF who wrote (31111)	4/14/2000 4:31:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I think that 3614 that is critical point on Comp if that is taken out on two closing basis we can visit as low as 2800-2850, I see that possibility of sharp sell off is their but one needs to be careful at this whole new set of negative media, the good stocks being hammered in my opinion will be first ones to come rebound that includes CSCO IBM MSFT TXN EMC SUNW, the DOT index at 814 will test 650 but the capacity to bring that Comp down to 2800 due to that test is now weakened as lot of fat has been trimmed, the possibility of big sell offs is diminishing although the 'B' word remains elusively distanced. The market is preparing itself for a nice summer rally for us it would be a question of when to get on board, I would recommend that people like me with lot of GE's GM's HON's AXP's NOK's brk's PFE's MRK's MSFT's CSCO's AMD's INTC's should hold tight and try to look at entry points, we picked up brka at 44000 $ it is at 59000$ I thought that it would act as a hedge and that has exactly what has happened for me it is time to use some cash to start looking at MOT's SCH's KLAC's ALTR's LSI's, so we have a lot variety to look at .. In the new new economy the real stocks arel imited but one should not miss the key ones to check for final bottoming like BRCM's BRCD's CNXT MFNX JDSU QCOM AOL JNPR ARBA ITWO, these are amongst the winner stocks in the .com group and shall benefit from a bounce, I would only suggest once again that dips on these treacherous markets should only be played with options, that is a leveraged bet, you pick some in falling markets like htis call premiums does get eroded like the call premiums were non-existant when we picked up MCD GT PFE MRK JPM at DOW 9800, supports do work in these kind of excessive selling, so be prepared to look at hte top picks on one hand but also look at breaking of support.. clearstation.com I stand by this post as we go forward.. although I will like to add atleast 5-10 positions on or around 3550-3650 level, as the case may be if we have sharp 150 points dip I will expect that 3510 area to hold and a bounce to 3650, so that is the corridor that I will watch.. from this 3614 point I also see that SPM has broken its support at 1456-58 area.. that is not a good sign that translates to 1442 area on SPH, we did make lot of attempts to break that but not on closing basis, now the enxt key point is 1434-38 band on SPM a close below that opens a new 1240- 1438 band, where 1440 on SPM becomes a resistance DOW in that case will sell to 10,400 area, however not looking into that much a distant future of two weeks lets look at todays objectives and work around them, expecting that 1458 holds on SPM on closing basis and 3600 proves to be a good support..