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

To: IQBAL LATIF who wrote (32531)	8/21/2000 11:17:30 AM
From: Skywatcher	Read Replies (1) \| Respond to of 50167

At least with INTC making a strong move out of the blocks this monday morning the SOX is still looking strong... Liking LSI since loading up on leaps at 30 and don't overlook Dutch version of AMAT...ASMI...their last earnings were stellar and although they have made a good move here I think there is more to come. HLIT is still SMOKIN and looks like something might be up on the buyout front...not sure, but very strong and a LOOOOOOONG way to go back up since they are in the right industries...cable and fibre. chris

To: IQBAL LATIF who wrote (32531)	8/21/2000 12:01:54 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Excellent analysis Ike... I continue to focus on the NDX... bigcharts.com The 6 month chart gives a good look at the primary trend... Note the rising lows... Note MACD and ROC going positive... The 10 day MA is about to cross the 20 day MA to the upside... And, Allan and the gang should be quiet on Tuesday... This all adds up to higher prices ahead... And, if that's not enough, there's nearly a trillion dollars in money market funds ready to go to work... brill.com Jim

To: IQBAL LATIF who wrote (32531)	8/21/2000 8:19:33 PM
From: zainrehanzack	Read Replies (1) \| Respond to of 50167

<<Extensively rely on that 492 support on IIX and 524 resistance if we break the upside get into oversold internet stocks like NPNT or even AMZN CMGI or ICGE even LU looks nice, we fail at that level we are going to see a serious setback to as low as 800 on SOX and 440 on IIX. In breakouts I have learned from my experience that you need to be careful with your profits made from pickings from the lows of SOX and IIX, I think this is the reason we develop these intermediate points to watch carefully so keep watching SOX 1080 IIX 502 if we break these supports go defensive, >> I think IIX 523.7 the 200 days MA would be the most important break if we see one. I have my reservations based on news like 'Dot-coms Could Run Out of Cash'. I will maintain the stop profits at 500 on IIX and 1092 on SOX a few points higher from your suggested levels dad.. Rehan <<Dot-coms Could Run Out of Cash Matt Krantz USA Today There are fresh signs that the already nasty Internet stock shakeout could get nastier. Although most Internet retailers have seen their shares plummet to the single digits, many keep burning cash so fast that time may run out before they can prove they can become profitable to Wall Street. Five of the 15 companies in the e-Retail subindex of the USA TODAY Internet 100 could burn through the cash they had at the end of the second quarter in less than a year if they keep spending as they did during the period, according to corporate statements filed this week. * Egghead.com, an online seller of computer products, will burn its $47.7 million by January if it spends at its second-quarter rate. The company says it can tread water until June 2001 by cutting costs. Even so, that means it will run out of cash before the end of 2001, when it has told analysts it'll be profitable, says C.E. Unterberg Towbin analyst Daniel Ries. * EMusic, which sells downloadable music files, will run out of money by March 2001 if its cash balance keeps falling as it did in the second quarter. Even so, Chief Financial Officer Joseph Howell says the company is trimming costs, which should sustain its survival long enough to turn a profit by the end of next year. Now that the company has paid for the rights to 125,000 songs, expenses, except for rent, are easily trimmed, Howell says. * Drugstore.com would use up its cash balance, including $63 million raised this month, by July 2001 if it keeps spending as in the second quarter. Conan Laughlin, analyst with Deutsche Banc Alex. Brown, believes the company can stretch its cash until late 2001 if it decreases spending on building distribution centers as is expected. But even then, the online drugstore must win back investors and repair its stock price so it can issue more shares to the public, Laughlin says. “Their bet is to take the money they have left and make people more sympathetic to their story.” * Travelocity would run out of cash by next April if it keeps spending $26 million in cash as it did in the second quarter. Company officials say the travel-services firm really only spent $15 million in cash last quarter, excluding unusual charges. But even at that rate, its second-quarter cash balance of $69 million would dry up by September 2001. Belt-tightening may stretch the firm's cash until its expected break-even point, December 2001, says Jake Fuller, analyst with Donaldson Lufkin & Jenrette. * EToys tore through $78.9 million in the second quarter, meaning its cash could run out just after Christmas. But Chief Financial Officer Steven Schoch says cash will last “well into 2001” as spending to ramp up two distribution centers slows. EToys also has $49 million in inventory that it has already paid for, much of which will turn into cash early next year, Schoch says. “(Raising more cash) can wait until next year,” he says. “But we know the markets are fickle.” >>