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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Shivram Hala who wrote (2187)	8/6/1998 10:22:00 AM
From: JPR	Read Replies (1) \| Respond to of 12475

Shiv: I hope you don't mind me calling you Shiv. As for me I'll take the seats near the exits and play the market as I see it. I tend to agree with you on this point esp with my margins. Yesterday, with all that volatility, I did not feel nervous. I am trying to fine tune my market sense, in order that I could be nimble & foresee ( if there is such a thing in this kind of market volatility ) a downturn beyond my pain threshold. Can you explain what is meant by Maxpain? JPR

To: Shivram Hala who wrote (2187)	8/6/1998 10:29:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Shivaram: Abby's prediction for DOW hitting 9300 was made earlier in the year and when DOW reached that level she was on NBR again and Paul Kangas asked her what her next target is she said something like this and I paraphrase- Paul we do not revise our target numbers often but we did advise our clients at the time that DOW could go substantially higher than 9300 and that 9300 was just the minimum target for DOW that they were shooting for. I personally like her approach rather than some of the other guys who keeps changing their DOW numbers up and down based on what the DOW has done for that particular day like that Acampora guy,he changes his tune every time DOW turns precipitously up or down,any idiot can do that. Goldman Sachs and Abby still maintain the same stance they have taken earlier in the year with regards to DOW and the market in general and have not changed anything as of today.