Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IQBAL LATIF who wrote (39955)	6/19/2001 9:08:27 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Cash market poised for a relatively strong beginning as the S&P futures are +13 points above fair value while the Nasdaq Pre-Market Indicator is +55...The positive bias in the pre-market is clearly due to Oracle's (ORCL 14.84) earnings report. On the call, mgmt was moderately positive, but with seven consecutive losing sessions on the Nasdaq traders will use any decent news to buy. ORCL also benefiting from Merrill and Salomon upgrades. Entire enterprise software space is strong in the pre-market....

To: IQBAL LATIF who wrote (39955)	6/19/2001 9:48:40 AM
From: Stoctrash	Read Replies (1) \| Respond to of 50167

I shorted the gap IQBalz... you scared OJ off pretty bad, you should say you are sorry to him too.

To: IQBAL LATIF who wrote (39955)	6/20/2001 4:07:12 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Yesterday 1213 was maintained and it looks like a re-test of 1208 is on the cards, if you fast backwards the first quarter pre- earning season in between 15th March to 5 April we had an equal downdraft, that was the time we had hit SOX 438 which happily enough man were shorting or SPX 1080 test, now today is 20th of June, we have next 15 days to go for pre-announcements and I think that a potential exists to see 1150 low in this pre-earning season until 5th of June, just a relationship and SOX 550. A higher low for this pre earning season would be great, like we had uncoiled from those lows of 1080 to a 40% move up we have every reason to se the cuts work not in Telcos may be but a 15-22% move that will see 1292 and 2300 on Comp is very possible after this jittery period. Discounting 60% growth rates of Nok to 30% has proven difficult for the Fund Managers but the pace of pre-announcements has definitely improved that said 15 days are still out but OCL and GE guidance gave some window, last quarter ORCL visibility was restrictive it is little better now. These things need to be compared for the new direction of the market to be ascertained. I do see few gaps around 1860 to 1940 and this earning season probably will see those gaps..