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

To: steve susko who wrote (15281)	12/4/1997 3:12:00 PM
From: George Mc Geary	Read Replies (1) \| Respond to of 50167

ASND, price up sharpley, traded at 28.25. Anyone have any news? George

To: steve susko who wrote (15281)	12/4/1997 10:32:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Steve- I think we may see SOX testing this 280 although it looks quite attractive right here and apparently so far S&P has ignored SOX weakness by staying up and above 972 level, but not for too long this sector is important for broad based rally and continued weakness will take S&P back to 942 area, you need to watch if todays numbers are market friendly lot has already been priced in the market the ideal situation would be big increase in non farm payrolls but without any corresponding increase in hourly earnings this is what is required by the market take this out of the equation and you are in no man's land a drop in non farm payroll with drop in hourly earniongs though initially may ensue a rally but it will not be sustainable. The fears of deflation will haunt the markets- so lets expect a good strong number today and that is what's going to take this market higher a strong economic growth with low inflation even .5 increase in hourly cost will be ignored by the market. I think if we get good numbers the fears of deflation will further dismissed and we move up to 980 very swiftly and close up there today -on the other hand weakness in economy for me although initially good will lead to softening and test of lows- my levels remain on closing basis 280 SOX a critical break may test 262 a break of 970 and we go back to 942 in 2 or 3 sessions- if numbers are strong bonds sell and we move upto 992 area within two sessions SOX froming a triple rather a fourth bottom may see a sharp rally, short interest of techs confirm my fears that markets may duipping before a inter quarter movement on upside.