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To: IQBAL LATIF who wrote (17730)4/2/1998 2:37:00 AM
From: Getcher  Read Replies (1) | Respond to of 50167
 
Ike,

Saw our old friend Don on the TSO thread. Here was one of his thoughts that I would like to know your view on (Hope this is okay to copy to here):

<<To: Options Jerry (38023 )
From: donald sew Wednesday, Apr 1 1998 7:01PM EST
Reply # of 38042

Jerry,

The SOX appears to be forming a CUP WITH HANDLE CHART, with the RIM of the CUP in the 315-330 range. The higher the better.

What normally happens after the rim is reached is a retracement of approximately 1/2 of the RIGHT SIDE OF THE CUP. This is not to say that the SOX could not go down alot, Im just talking about this specific type of chart formation.

The bottom of this CUP is around 285, so if the SOX gets to 320 - it will be a easy retracement to 300 almost immediately.

Seeya >>

Thanks Ike -- Getcher



To: IQBAL LATIF who wrote (17730)4/2/1998 7:28:00 AM
From: Jerry Olson  Read Replies (2) | Respond to of 50167
 
Morning IKE

IMO, now that Billy Boy has been "vindicated"<g>, OPEC has done their "usual" Jawboning Routine, with ZERO results, and Asia seems to be a "non event" no matter what the "Real" story???.....

The ONLY event that will make this market correct, will be Alan Greenspan & .25 basis point rate hike...PERIOD.......

The power of this market has been nothing short of incredible...

IKE, I have made back a large amount of my losses from the end of last year...I am long a lot of Calls, and will continue to be long until "THAT EVENT ACTUALLY HAPPENS", everything else is just NOISE!!!!!!!

I think it's very important to let your longs keep going both shares and options, LET THEM RUN, no one should sell "Too SOON" <ggg>..

I know the internet stocks are WAY overvalued, but to me this is THE HOTTEST sector of ALL sectors...Pick a stock and watch it double from EVEN HERE!!!!!! I especially Like LCOS, I will be a BIG buyer of that stock if it ever pullsback just a little????

As for the semis & semi equips, yes I'm fully aware of the current thinking of the street, YOU, JUDY & NANCY told me so<g>, they are just way to cheap no matter what...I'm waiting patiently to see what happens as they announce this Q and Warn about the next 2, to see how cheap they REALLY are<<vbg>...

But IKE this market is even MORE powerful than the same market last year at this time...NO ONE WANTS TO SELL!!!!!!!!!!!!!!!

This is a HOLD and HOLD and HOLD market for the long haul...A major shift in investor thinking here in the USA/////..We still have the safest and best market in the world...

As a raging BULL, i am riding the back of this Blockbuster Rocketship to the MOON....long live this crazy animal<ggggggggggggggggggggg>...

My Regards, Jerry



To: IQBAL LATIF who wrote (17730)4/2/1998 3:49:00 PM
From: steve susko  Respond to of 50167
 
SPM hit 1130 today.