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

To: IQBAL LATIF who wrote (31684)	6/2/2000 8:48:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Ike my longs are looking a lot longer after that great report... let's have a terrific rocket ship day<G>

To: IQBAL LATIF who wrote (31684)	6/2/2000 1:06:00 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 50167

Good Day IKE: I was reading your posts the past few days, and it occurred to me that you were at the top of your form; now I know your secret, Miles Davis in the background to keep you relaxed,ggggg. I am immediately setting up my CD jukebox for non-stop Miles/Trane and other jazz greats during my trading day. Now that we have achieved your NDX 2 closing target of 3460(barring a total collapse this PM) do you play these gaps up by taking some off the table, very short term, say even through Monday, and then loading up again; or just add to your position with the confirmation of a breakout? I noted that you posted yesterday the Institutions after Monday will come in/not before; does the great report this AM indicate to you that the Institutions will move in more quickly, rather than waiting till, say Tuesday? Am I overthinking this, gggggg. I was shaking my head(Yes!)last night while reading your three posts, thinking that your pre-numbers analysis was the best ever. Sorry to thread for getting gushy, but it comes from the heart. Thanks so much, Ike James

To: IQBAL LATIF who wrote (31684)	6/2/2000 1:23:00 PM
From: IQBAL LATIF	Respond to of 50167

Why do I emphasise on SOX and PSE or NDX..//// It has been a winners market for far too long, we do get discounted sales once in while, if you are lucky enough to be a part of one you can see some movement against you as no one has to ability to pick up the bottom or the top, like 3000-3500 range in my opinion is the bottom pick of this market where you could purchased TXN for as high as 143 and as low as 128, or AAPL at 84 or 107.. but overall if MOT AAPL TXN or even BRCM have been properly acquired we may see that market is ready to tkae off, institutions or no institutions no one can stand in face of a top of interest rate cycle that synchronises extremely well with a top of demand on tech products or semis cycle, one number alone would not decide the issue but the core thing is that manufacturing and housing gave a fake inflationary signal, market took no time to cut the vlauations into half, IIX and DOT were hit real hard as sky high vlauations were taken to a slaughter house, now we have a more better base to build on, more restricted stocks to play with and semis are looking promising, in a falling interest rate cycle banks would do great and if BKX new high is tkaen out I see no reason that SPM may not make a new high, however that is little premature.. Now these are kind of reports that derive the SOX and this is one of the reason I was watching SOX PSE NDX so closely, hititng the 200 days and boucing off it was a good sign but behind these bounce is a real story and that is what I want ot share with you all.. <<At the risk of sounding like a broken record, worldwide semiconductor sales were up again in April. Sales reached an all-time high of $15.2bn, an increase of 35.6 percent from last year. And the drivers haven?t changed, either: flash memory and digital signal processors (DSP). For those interested in flash, we continue to recommend Silicon Storage [SSTI]. For DSPs, our favorite is Texas Instruments [TXN]. While every market segment showed strength, the continued rebound in the Pacific region was hugely beneficial to overall numbers. Semiconductor sales in Japan were up 41 percent from last year, while Asia Pacific sales were 46 percent higher. Both regions were among the best performers on a month-over-month basis, as well. Going forward, we continue to remain bullish. While there could be some slowdown in the summer months?at some point things will slow down?the fall months could bring on another boom. Capacity issues are ebbing as a result of finer process technologies and the results of heavy capital expenditures are beginning to contribute to revenues. All this means we should see numbers continue to dazzle. >> Fayad Abbasi