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

To: IQBAL LATIF who wrote (19288)	8/13/1998 5:11:00 PM
From: IQBAL LATIF	Read Replies (5) \| Respond to of 50167

Similar tone and arguments -- Goldman's Cohen holds client hands in turbulence NEW YORK, Aug 13 (Reuters) - ''Stocks are now undervalued,'' she said, ''creating opportunities'' based on the recent declines that have pushed the S&P 500 back to the bottom end of the trading range that has persisted since April, she said. <<She said Wall Street has generally taken a discouraging view of profits in the first half, which seems to her misplaced. U.S. corporate profits slowed in the first half, but that was no surprise, and the earnings were a solid six percent for the Standard & Poor's 500 index she said>> The bleaker view, she said, <<was caused by a large disparity in the results from different sectors, late results from the strong retail industry, and write-offs by some high profile companies>> Iqbal Latif holds hands- Paris 12th August-Wednesday, <<Aug 12 1998>> 3:41AM ET Reply # of 19290 -Silicon Investor Cool head- a realistic approach and defined targets is the only way to deal in voltality and correcting markets. <<The basic premises of this market sell off is based on slowing momentum of corporate profits, the fact is far from reality if you wish to scratch surface a bit you would find that minus computers and peripherals the latest quarter had a after tax profits in excess of 5%.CPQ, MOT, GM AT&T, LU profits were down due to extra ordinary circumstances-- DEC was written off by CPQ- the Technologies and 29% drop of INTC profits reflected worst stage for semis>>, now AMAT last night earnings have put a damper on the thoughts of anyone who were writing off the Tech sector, this sector has the potential to improve its performance in next two quarters.<< The expectations have been lowered but don't forget we had 7% increase in top line revenues,>> according to me it is the revs increase I look at carefully, the top line. I expect that losses in computer peripherals, Oil and Gas, Electronics, semis , cars and Trucks will beat street last quarter expectations, we will in this quarter see consolidation at the lower end of this range that is between 8228 and 8795 even extending to 9106 but the building blocks of next move have to be secured before any move higher. Never be misled by analysts who look at numbers as a whole within these numbers I see enough of sectors which can come back very nicely. We at Idea have access to first class info a day earlier---gg May be Abby reads me- ggg it is actually all bulls think alike and bears have a typical line.