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

To: IQBAL LATIF who wrote (18609)	6/16/1998 1:28:00 AM
From: Dom B.	Read Replies (1) \| Respond to of 50167

Hello, Uncle...bloomberg reported that Hong Kong will not devalue currency (so far)...hope you're well. //dom

To: IQBAL LATIF who wrote (18609)	6/16/1998 8:46:00 AM
From: Chuck Molinary	Respond to of 50167

Ike, <<I see now that SOX may break this 225 low is a bad news from market performer like INTC, it was nice to see that last night SOX lost 3 points against Dow's 207. I will also like to buy some stocks here in my portfolio. Like in my opinion a speculative long call position on Com for Oct can be interesting. >> How happy was I to see this statement after I bought into COMS yesterday! good luck spinning your WEBS ctm

To: IQBAL LATIF who wrote (18609)	6/16/1998 9:39:00 AM
From: Roebear	Respond to of 50167

IQBAL LATIF, Thanks very much for your reply I find your thoughts and opinions very helpful! Good fortune, Roebear

To: IQBAL LATIF who wrote (18609)	6/16/1998 9:53:00 AM
From: Jack Chen	Read Replies (1) \| Respond to of 50167

Hello IQ: About Japan..what's your view of their interest rate being so low?? I thought one quick way to beef up the Yen is to raise their interest rate..at 1.5% no one wants Yen..I suspect Japanese central bankers purposefully want to devaluate the Yen.

To: IQBAL LATIF who wrote (18609)	6/16/1998 11:23:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

My post yesterday-<<On SPM I would like to think that another test and rebound from 1082 levels looks good this is third or the fourth rebound and if it remains within this tight range I would like to see it breaking the resistance of 1102.>> <<( but anyway I have been buying webs and have added Singapore, South Korea , HSI yesterday) I will keep on doing this as I think that since web prices are already trading at a discount it is worth holding them. I will not like to ditch and re-enter as I thought before rather go for adding new positions after every seven and half percent drop of the Index I buy 50% higher number of shares, suppose if I had bought 1000 Singapore I will after 71/2 percent drop add 1500 more and on next 71/2 drop add 2250. Index linked webs have little changed since last one month although Indexes have dropped much sharper the webs inherent discount some time help the buyer. I remain a buyer and will be in for long term. I ask one question is ASEA removed from the investment scene the answer is no. Japan the support at 14400 is critical but I will like to go long at those level on Index like buying JPN 160 call two months out. I would think that one needs to short SPM not before 1082 break, if it closes below 1082, I will like to short it even after the first close towards the end of the session. I can see that selling was restricted on BKX which I think is being punished and adjusted for problems in ASEA, although I thought last week going long BKX , I thought that potential in BKX as more banks consolidate exists, somewhere at one of the key supports if ASA stabilises BKX can be played. We all know it well that ASEA is not the real economic engine house for US companies exports, if any this new round will slow down the economy to a level which may be anyway welcome. With ASEA in turmoil since last nine months we have had no effect on US economy so far. This drop in my opinion will also not affect the corporate earnings with exception of Banks or may be some big caps like Boeing or others, overall we are up only 8% on the DOW and this test of many critical MA's is important for market continued strength. I would be more worried if market totally disregards the selling in ASEA. In the process I think things are overdone but that is the first sign of market mavens to start building positions with a view of 12 months. I will like to take a gamble to go long at 1094 break that is the contrary trade, the only risk. I see now that SOX may break this 225 low is a bad news from market performer like INTC, it was nice to see that last night SOX lost 3 points against Dow's 207. I will also like to buy some stocks here in my portfolio. Like in my opinion a speculative long call position on Com for Oct can be interesting. However, I will like to remain cautious and a break of 1082 will automatically lead me to hold some additional puts. .>> After a lot of dilly dallying the global markets listened to logic-- Going long above 1092 SPM looks good- the ASEAN markets are all in black. With a benefit of hindsight it loks good if one had added few stocks yesterday. I think we need a good day today and tomorrow to go back above 1102, I would think that my yesterday call that a test of 1082 and rebound to 1102 is on the cards was also quite close and interestingly very timely. I feel good to write a very positive report on global markerts when every thing around me was falling like a nine pin, it is nice to see that thnigs played the way I foresaw them. But in markets this is just another day lets look how the day is like for us today.