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To: Cynic 2005 who wrote (15201)	12/2/1997 11:17:00 AM
From: Judy	Respond to of 50167

To all: Kurlack is having a conference call at 11:30 to slam semis some more ... LSI, TXN, ALTR among them. He expects a rough 12 months ahead for them.

To: Cynic 2005 who wrote (15201)	12/2/1997 10:49:00 PM
From: IQBAL LATIF	Respond to of 50167

Mohan- Don't you worry- we are going to do the right stuff- shorting market at right levels is an art and that is the difference betsween emotions and reality- market is and never be about what you or I think about market- unfortunately it is what market interprets the various moves- where is that great break? I think it was evident to every one that one intraday break was not for real- what you look as weakness of this market I lok it as its atrength- If altr is choppped by 11 point this exactly is the point I tery to make markets which deal with shortfallers with this surgical indifference are not market of hypes- you may have resources to run perpetual short- for me it is important to look for windows of opportunity there is no victory here for anyone only the bottom line is can I sustain myself- fortunately I feel that from here I can have a great vision and visiblity and will short on breaks specified- I just don't won't to be a perpetual short- market directions for me are quite clear anything violating these directions of supports or resistances can be easily traded. To look at these manic heights if your reading is right gives an opportunity to short it at the right time- I am raising support levels of MSFT IBM INTC SOX and know it well that certain corelations need to be respected if markets will make new highs- unfortunately as ever I will keep disagrreing that this is going to go at 6200 0r 6500, I will short it at a brerak of 8000 how about running a short from here. This is a luxury which perpetual shorts cannot and will not have.