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

To: James Strauss who wrote (31404)	5/10/2000 2:19:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I would have agreed but with new buy on many of these stocks I would think that 1384 area would hold, any way I would feel that below 1378 on two closing basis we will have much steeper selling and we will go through that 3250 area and not stop before 2800, so for me this is an important area to hold.. Barron has been a-market for far too long, the CSCO article contained nothing new rather clarifications on basis a valuations. If that has to be the reason of selling than 2800 is too high we should be looking at far much lower, based on earnings growth, reducing margins, reducing rev growth EMC SUNW CSCO TXN PMCS like MSFT, all would need a severe hair cut. I would tend to assume that we will see market building a lot more negativity and will hold these levels until retail sales and PPI on Friday.. I like PMCS AMAT TXN IDTI..at these levels.. even CSCO..with a stop loss at 1376 on SPM.. DOW 11300-11325 is the low of 17th I think if I am right..http://www.quote.com/quotecom/livecharts/default.asp?symbols= Look at this SP00M 1 minute chart..http://www.quote.com/quotecom/livecharts/default.asp?symbols=