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

To: IQBAL LATIF who wrote (18974)	7/17/1998 1:52:00 PM
From: IQBAL LATIF	Respond to of 50167

EMC is making new highs this stock we proposed at 23 last Jan- I like this stock. e need to follow the leaders a stock breaking new highs on the upside is a potentially good play. I like I like CSCO breaking 100 today-- SOX pull back is something normal after a heavy upside run, the point I will like to make is that some of these extra-ordinary companies coming out so strongly in a adverse circumstances need to carefully studied .Today in CSCO SUNW MSFT's may be we are looking at KO's GE's and AIG's of yester years- they looked steep last year but once money went after the leaders we see them today at much higher levels- nothing succeeds like success- for me CSCO's SUNW ALTR are stories and this not the last time we hear about them. I will warn that I have been long CSCO at much much lower levels rather this thread started with long CSCO call-- the reason was that I saw on a diffrent thread CSCO being shorted- I decided that if IBM's and CSCO's can be shorted at those levels we need another thread-- this is how Idea was born but now writing this note at this level I would think that any retreats would be good entry points or for strictly moemntum players a single call of 105 or 125 or 60 CSCO MSFT SUNW would not be bad. Just don't overextend or if you want to wait --then look for entry around 1962 level we will see it soon.