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

To: IQBAL LATIF who wrote (19085)	7/29/1998 12:45:00 PM
From: Investor2	Read Replies (2) \| Respond to of 50167

Our favorite analyst speaks: Wednesday July 29, 11:16 am Eastern Time Merrill's Kurlak see no imminent pick-up for chips NEW YORK, July 29 (Reuters) - Thomas Kurlak, a widely respected semiconductor analyst at Merrill Lynch, said Wednesday he sees does not expect a recovery soon in the computer chip industry, especially with a price war brewing. The comments cast a slight pall over chip stocks, with the Philadelphia Stock Exchange chip index (^SOXX - news) down 0.66 points or 0.26 percent to 253.41 in early trading. In a brief research note, Kurlak said risks of earnings disappointments in the third quarter are on the rise. He said the recent rally in the chip sector has been narrow, focused only in a few selected shares, and is not sustainable. Intel Corp. (INTC - news), one of the world's top chipmakers, has seen its shares rally nearly 30 percent since June, from 66 to today's price of 85. In the same time period, the broader chip index (^SOXX - news) meanwhile rallied only about 8 percent. The June/July rally come after a nearly year-long slump for the chip sector from its August 1997 highs. Since then the market has been mostly moving lower, with the exception of a brief rally in the first quarter of 1998 that later unraveled. Kurlak said that investors should guard against chasing this recent rally because of a lack of fundamental support. He said there is still a glut of chips on the market and demand has not yet shown a strong enough gain. ''Fundamental upturn not imminent -- too much supply, final demand not good,'' he said. Leading technology companies that buy computer chips showed weakness in their second-quarter results, he said, a sign that demand is not likely to roar higher soon. Chip stocks, which had been trading higher near the opening, turned fractionally lower in late morning trading with the broader market. Intel shares lost 1/16 to 85-9/16. Texas Instruments Inc. (TXN - news) slipped 2/16 to 58-15/16, Micron Technology Inc (MU - news) lost 1/16 to 29-7/8 and National Semiconductor Corp. (NSM - news) was down 3/16 to 12-3/4. Best wishes, I2

To: IQBAL LATIF who wrote (19085)	7/29/1998 2:29:00 PM
From: James Strauss	Respond to of 50167

APCO... IQBAL: I think APCO is setting up to move to a higher trading plateau... it has a history of surprising the analysts to the upside... It is usually slow to get out of the gate after earnings releases... Based on current fundamentals the stock should be selling for 12.00 to 14.00... Jim ~~~~~~~~~~~~~~~~~~~~~~~~~ ATLANTA, July 29 /PRNewswire/ -- Automobile Protection Corporation (Nasdaq: APCO - news) announces record second quarter results. For the quarter ended June 30, 1998, revenues increased 26% to $30,060,000 from $23,797,000; net income increased 100% to $1,771,000 from $885,000 and diluted earnings per share increased 75% to $0.14 from $0.08. For the six months ended June 30, 1998, revenues increased 27% to $55,873,000 from $43,892,000; net income increased 107% to $3,139,000 from $1,514,000 and diluted earnings per share increased 92% to $0.25 from $0.13. biz.yahoo.com

To: IQBAL LATIF who wrote (19085)	8/5/1998 8:27:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Europe is heavily down, the suited booted blue stripes 'Fund Managers' in Europe one of the kind we saw in manifestation of Ralph Accompora are callous victims of 'Hedge Funds' strategy- Failing to sell the core this attack is an indirect attack on the market by the hedge shorts. Sell transportations, sell the laggards, sell RUT get this DOW theory out of the dead coffin and spin it out talk about internals as dreadful --and get people trapped- create a slide out of default. The managers who have never managed a penny of their own money in all likely hood have gotten themselves in the trap. The hedge funds don't mind taking them on a ride- what was last month a great economy is now going down, this is not reality their are no big bank loans deliquencies, the bonds are properly poised the growth is strong and non-inflationary.Revenue numbers solid look at CSCO- and with AOL the last remaining bastion i.e. INX sell off is difficult. The strategy is if you canot crack the core stocks, get a slide thru side attacks. Lets watch for this action today and keep your cools -- rmemeber buying at supports when the things look the ugliest is the name of this trade. My range today 1055 to 1102- I would like that upper limit to be taken out for repeat of that famous victory of bulls over bears in Oct when the big guns of the bears lost their pants. I will on second break of 1070 below 1067 will intitate more selling of calls and buying of puts- but I will be very nimble to cover above 1078- -- now is the time in my opinion the cracks in BKX and DJIA do not have much of a room-- we will see this bait of very beaten down sectors will be unable to crack the DJIA below 8350 in a row. Europe will run for cover once 1070 is held or a quick dip to lows reveals no big institutional selling--

To: IQBAL LATIF who wrote (19085)	8/5/1998 8:39:00 AM
From: IQBAL LATIF	Respond to of 50167

Convulated Logic of stock markets but that is how one should construct future roadmaps of markets-- Why it so that in this huge sell off unlike other sell offs Russia and China are holding well-- Europe is worried about $ weakness and $ weakness makes Yen dearer which help China and if China is not going to devalue we will see stability in ASEA and emerging markets so Russia being an emrging market will not be sold but Russian stability helps Europe and DAX solidly down will be helped by Russian stability which will permeate into Europe as Europe stock markets rally US with still a cheaper $ will also rally-- so in the end we all will live happy ever after---