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

To: Anne Stehley who wrote (15196)	12/2/1997 10:18:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Anne- I think we are seeing a growing realisation of undervaluation of stocks- deviod of Kurlak comments market rermained in great territory however this divergence is not going to stay S&P will not stay here if SOXweakens any further- if you see MSFT breaking 140 IBM 105 and INTC 86 you may see S&P potential of retesting 942-52 area, I have rarely adviswed people on actual spreads but I will certainly short this market if SOX remains weak but only an interim test of lows. Last night I think it was overdone already perhaps we may see soon a break of 300 on SOX- sentiments will cjhange but in case we see softening waste no chance in buying some puts but you need to be very nimble. This market by taking out 972 has shown the resiliance and strength if you wont to overlook it -that is a choice bears have since 4000 DOW.