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

To: mattie who wrote (32728)	9/7/2000 10:21:20 PM
From: IQBAL LATIF	Respond to of 50167

I am a firm believer of Cobot's view <<But guessing about a possible short-term market pullback or pause has never made investors good money. What has made good money is sticking with the major market trend and investing in great growth stocks. Today, with Cabot's i- TIMER 4% above its lower moving average, the trend is up. And thus you should be heavily invested in great Internet stocks.>> I think all this noise will be soon over if not anything else higher lows is one good sign although higher oil prices are kind of worrying. Minus two days or plus one day on Comp where we hold 1392 on SPC or 4000 on Comp is very much a part of retracement. That is how I have dealt with it, I am keeping a close watch on this Comp 4000 level that I think is quite significant and 1362 on SPX as far as these levels are respected I see no immediate problem with the market. I think that corporate earnings would not be disappointing although $ strength or Euro weakness may hurt some corporations however $ /yen cross is acting as an hedge. I see a bottom of Euro around these leves after some more panic selling but years for now we will remember these levels like we look at Yen 75-79 area now, these overdone selling is always a long term opportunity, for any astuteinvestor thebest thing would be to hold some NOK shares listed in Europe or some European shares like BTY or TI or even Swiss telecom DXS has not done much but it is a great play on Euro reemrgence whenever it happens! VOD in sterling pounds would be great, the more I look at US I like the best internet company as TXN great buy long calls or leaps two years out for good run like IBM these two together are in my opinion umdiscovered stories. <<Not much has changed over the past week. The Internet market has been advancing. We will note, however, that Internet investors have become a bit more optimistic recently. After July's sharp correction (when some pundits were calling for another down leg in the bear market), the Nasdaq put in a fine performance, advancing almost continuously for three weeks. The profits that have been built up have apparently had the expected effect on investors -- leaving them hoping for more. Because of the pick up in sentiment, and the fact that the market has gone straight up for more than three weeks, some sort of pullback could be in order. It may have already begun, and by the time it's finished, some of your recent gains could be washed away. It could even punish a particular stock or two. Or maybe the market could just trend sideways from here, lulling you to sleep over a period of weeks. As always, those individual Internet stocks are what are most important to your portfolio -- as opposed to anyone's outlook for interest rates, the short-term direction of the market or the economy as a whole. Stock selection is the key! Every Internet stock you own should have strong longer-term sponsorship and compelling fundamental growth prospects. Without both of these, a stock's advance isn't likely to be sustained for a prolonged period of time. And that means your chances of big profits are diminished with sub-par stocks. Right now, some of the best charts and growth prospects are in the Internet infrastructure arena. An offshoot of this infrastructure sector is the power market, where energy demand is heating up thanks to the exploding number of computers, servers and other Internet appliances that are always plugged in. So consider owning some stocks in these sectors, if you don't already. (Just about all of our recommendations fit in one of these two categories.) If the Internet market does ease in the coming days and weeks, use it as a buying opportunity for strong stocks.>>