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

To: Chuck Molinary who wrote (18947)	7/16/1998 4:21:00 AM
From: IQBAL LATIF	Respond to of 50167

Chuck - It is always the markets we need to listen to- we have been long our core portfolios we put in a lot of hard work ( I work late until 3.00 sometime to read and learn after that apply myself to call some shots)all of this to know the dynamics of the market. We have been bearish on Yahoo where earnings are a multiple of 80 to rev and looking up to AOL where eanrings are also high multiple but potential of increase is substantial. I have seen a lot of in between range positions being initiated, just some self created signal like when it was breaking out of 990 SPX I was going hoarse on Bhumbo but some 'gurus were shorting on the break out , similarly when composite bounced off the 200 ma at 1715 I again informed by my that gurus are again short, now if you cannot pick up what global indexes are telling and unable to know two distinctive breakouts- it clearly indicates only one thing--- liten to the market- may be all this exotic software does not work. That is how one should play in a recession hit market I will be short big way but since this thread has come to inception we have seen few opportunities on short side but not a consistent break of supports. People have no idea of the growth of revenues in last five years of these top big companies they also fail to understand with a doemstic bias the global proprietry market these very companies will control if you cannot look beyond your nose the reading of market would become very difficult job on voodoo exotic charts. bibi