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

To: IQBAL LATIF who wrote (15330)	12/7/1997 7:55:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Japan- Early signs of short covering in Japanese banking stocks- Korea bail out very positive- news all around over the weekend in east gives me confidence that Europe and US vital signs of growth will not be affected much with the crisis in ASEAN economies- my recommendation is still on SNE trading well above where I went long- Tokyo Electron another good company and I expect big 'bhumbo' ( this is the final extreminator for the short squeeze) big bhumbo rarely appears in my model- it is painful and appears seldomly- very rarely 'Bhumbo' appearance has also been a signal for reversal but the ratio has been 70/30, lets keep our figures cross like Nemer red dog 'my' once in couple of years 'bhumbo' is ready for a go.

To: IQBAL LATIF who wrote (15330)	12/7/1997 8:27:00 AM
From: j g cordes	Respond to of 50167

Ike.. I read this post twice, its still confusing. Could you condense your opinions so that a simple mind like mine can understand it. You discussed INTC, MSFT, IBM, SOX, S&P and bonds. A. INTC up or down beginning Monday? By New Year, up or down how much? B. MSFT, IBM, SOX, S&P and bonds... up or down from here, how much, target prices for end of year (or any other time frame). C. Your write "Keep your eyes on INTC break of 75 bad news for SOX and market -again MSFT breaking 140 IBM 108 and SOX 280 are signs of trouble enjoy the ride otherwise, this is the safest course I am traversing and would recommend for an astute investor- in my dictionary to watch market fly to new highs without being a part of it is 'incapacitation and freezing of minds' you have now a perfect setting to play both sides with greatest possible skills- everything which goes up will come down but to be unable to make a distinction between a correction and end of the world is a unpardonable sin for an astute investor-" What does this mean? If stocks go higher its good, if lower bad! D. Your write "I assure you thjis market is not going to go anywhere if I react on break of my levels- an upward bias with a very hawk like view on bellwethers and BONDS_ I predicted break in bonds now two weeks every leeter of mine repeated this theory and now bond selling with market strength is very much a part of reraction and relief which market has delivered to cassanderas of doom" The market won't go anywhere if your react on break? You've been long bonds for only two weeks? Cassanderas of doom? Ike, I can't tell if you're long or short, sideways, or nuetral. In the beginning you say you are 70% sure SP can go to 1000. Then, if it dosen't that's its a sign of weakness and it could go down. So you're saying you're biased to the upside and downside. Or is this what you're doing in this post? "...you have now a perfect setting to play both sides with greatest possible skills." Profitably Confused, JG

To: IQBAL LATIF who wrote (15330)	12/7/1997 10:21:00 PM
From: IQBAL LATIF	Respond to of 50167

I think what I am indicating is that fron here if we need to go higher we have to see INTC and TXN moving up above 82 and 51- if INTC on the contrary breaks below 75 ofcourse on closing basis and we see weakness in MSFT IBM i.e. below 140 108 our assault on new highs can be broken- I trade marekts on both sides I was long the market short the bonds heavy and I need to let readers know where the problems going to stem from. I should be expected to give levels on both sides of the martket and i.e. exactly what I am doing on SOX a break of 280 and concurrent break of INTC IBM MSFT may take SOX down to 250 level I see this a 30% possiblity- my overall configuration remains 70% bullish I have learned this thru hard way that breaking no man's land territories sometime is a diffcult job it is always good to leave levels so as to help someone following these levels a benchmark in case of market reversal. As I always say you don't need to short the markets at 900 when you can have a chance to go at the market at 990 by the way 986 on Dec contract is higher then 996 on Sept contract. I am sorry for being less clear.

To: IQBAL LATIF who wrote (15330)	12/8/1997 5:50:00 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 50167

Ike: Regarding the markets. Thanks for the informative posts and here is some food for thought. Japan will stimulate its economy (we'll thats whats in the press and I believe you indicated the plan will be well received by the market). Of course if the past is any indication it just means Japan will be exporting more <g>. The politicians haven't changed stripes yet and I'm not sure if the domestic situation has reached the critical point to force thier hands. The U.S. $$ so far is strengthening and at some point this will impact the GE's, autos, steel's and others (it already has but so far the market has focused on companes that sell & export to Asia). Good for inflation but not so good for profits in some major companies. As much as we are seeing healthcare cost rising, High employment with the preception that wages will rise, we're still going to see costs decrease with the higher $$. We're going to see lower food, metals, energy prices. Perception in that many employees are seeing raises of only 2% or so. Not high and matching the current inflation rate. (High tech is a separate area but its being offest by industries where workers are seeing no raises) If AG raised rates the $$ would strengthen more (besides sending the market into a free fall). I'm not voting one way or the other on inflation / deflation and its impact on the markets. I think lower oil, etc. will lead very Favorable for inflation. Just a few points to factor into your thought process. Tim