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

To: IQBAL LATIF who wrote (18350)	5/11/1998 6:04:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

Ike, agree with your views on the disk drive makers for the long-term investor, the exception being APM. Why do you have strong hopes for this company in say two months? Message 4414689

To: IQBAL LATIF who wrote (18350)	5/11/1998 6:51:00 PM
From: Dom B.	Respond to of 50167

Hello, Samira..thanks for the Asian Outlook. Ike, from the 5th paragraph of Samira's post: "...given that this year, the U.S. will probably defer monetary tightening for fear of aggravating Asian's currency crisis..." Me thinks that this is the key to Big Al's hesitation to raise interest rates. I'm keeping a keen eye on CMB and CCI for clues to May 19's probable outcome. What do you think? Best regards to you & yours out there!! //dom (Was watching Alexander the Great's conquest on PBS last week...didn't realize before that he made it all the way there where he encountered the most resistance. Wow!)

To: IQBAL LATIF who wrote (18350)	5/12/1998 12:41:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Dom B- I think you missed my 'Some loud thinking before the numbers post'this is what I wrote- it is roughly in line with Samira's post- <<Considering Kelly endorsement of 'new economy' paradigm last Friday in Chicago I would consider it difficult even in face of higher PPI and CPI that Fed may raise rates the impact would be a disproportionate response to the global markets. AG will not mix asset inflation with actual inflation. I would think he is looking at banking sector liquidity and also at lack of possibilities of credit by the banks, this market is not sustained by credit bubble. I will expect to write on this issue. >>

To: IQBAL LATIF who wrote (18350)	5/12/1998 1:08:00 AM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

I wrote yesterday that << I think the action will be focussed on composites and 1860 now becomes a very important support. I will use this as an indicator for my overall trading strategy, if we have a double close above 1860 it will be good for the market.>> I saw the weakness a shade earlier due to composite watching and had protected some exposure by selling some naked SOX calls well out of the money and buying some puts.I also added to some June SPM 1090 long puts.I will be out of these positions only above composite close of 1860 or a very good PPI/CPI number, whichever happens first. Yesterday action in my opinion was dominated by too much fear, no one seems to talk about it but MSFT and 4.3% unemployment figure is working on the market, the bond money breaking thru 6% was a signal of uneasiness. I would now consider SPM 1002 test a possibility today as traders go in numbers on 13th and 14th well protected, bond breaking 6% yield disturbs me- may be it is because of upcoming TB auction of 34 billion $ ( it is an old technique to sell the bond pre-auction to make some fast buck however) This is one indicator which unlike mass hysteria of SPM pits should be not neglected and its impact not overlooked. DOW showed a good performance but eased later in the day --well below the target resistance but in next few days market prognosis is very volatile and active, it will not be able to break the range until DOJ and CPI/PPI clear the ambiguities of unemployment number. I would recommend caution and checking for 1845 support on composite to see we break thru 1102 and test 50 days MA. An inability to go thru 5.92% reistance on yields indicates that as if bonds are trying something different from the market. I would like them below 6% for this 1120 to be taken out, apparently it seems that bond traders are smelling something which equities guys are overlooking. I have heightened alert situation/

To: IQBAL LATIF who wrote (18350)	6/24/1998 12:30:00 AM
From: IQBAL LATIF	Respond to of 50167

Darrel- compare this statement today with my yesterday post to you, don't you think that Chairman 'IMF' is reading Idea thread. ggggggg asia1.com.sg

To: IQBAL LATIF who wrote (18350)	6/29/1998 11:33:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I would like to initiate some earnings plays on INTC and CPQ. Market is expecting that INTC will beat the lowered numbers, I will tend to agree with this sentiment, this is a high risk venture as 80 calls will expire worthless if INTC disappoints. I am going for Aug 80 calls and CPQ 35 calls for Oct. I would also like to think that these positions should only be initiated once 1892 is taken out, I like SBEL and Cadence also.

To: IQBAL LATIF who wrote (18350)	7/1/1998 12:36:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Global indexes alert- We are approaching simultaneously key levels on global indexes- I have seen that ability of global indexes to pass these hurdles have a major impact on direction of OECD markets. HSI- The first resistance of 8550 has been breached the next level is 9638, we are right now at 8543, we should keep a close eye on what happens to HSI 8550 if this level is breached we need to be careful with our positions in ASEA. Straits- We are at 1076 the resistance is at 1190. Australia- Since I talked about Aus, we have moved up quite a bit we are right now at 2672 above the first resistance of 2612 the objective is 2702, in my opinion when so many of these languishing markets are taking out first level of resistances simultaneously. Whenever this happens I find global indexes overall have tendency to go higher. Nikkie- The first two resistances have been taken out now after 15870 we will like 16400 with a objective of 17000, ofcourse 16200 remains a strong interim resistance. France Germany and Italy are all heading towards new resistances alongwith DOWS 9100 level- I would like to keep an eye on CaCs 4248 Dax 5916 and Italys 22974, we are right now at 4248 5916 22827, if Europe fails to take out these resistances we will not see 9100 on DOW also. This relationship with global indexes acquires greater importance as new possibilities of corporate profits will only come at the back of new global expanding opportunities.