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

To: ciVic who wrote (34151)	10/4/2000 2:25:33 AM
From: IQBAL LATIF	Respond to of 50167

I think if you add the weight of major support line with the trend line you may see that 3290-3370 as the range where longs can be intitated expecting the bounce. I have positive view of the tech sector and expect that bounce... I just would like to share what I think are credible opportunities as suggested by gurus I subscribe to... The Dow Industrial Average gained over 19 points, while the Nasdaq Composite lost over 113 points. The market expected no change in rates from the Fed but reacted negatively to the comment on the continuing threat of inflation. The stock market is clearly on hold until third quarter earnings are released over the next two weeks. I have added Cardinal Health (NYSE--CAH) to our recommended list. Shares are under accumulation for this health care services provider with rising sales and earnings. The company seems to be immune from presidential campaign posturing. In the booming storage industry, be sure to own: EMC Corporation EMC Network Appliance NTAP Brocade Communications BRCD Money continues to flow out of ADCT, TSM and JDSU. Short term traders should sell these stocks and cut their losses now. Long-term traders should continue to hold these positions. Long term, these are excellent companies. Do not sell bonds. Long-term interest rates should continue to fall well into next year. Wall street digest..