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

To: IQBAL LATIF who wrote (19326)8/15/1998 4:42:00 AM
From: Brian Fukuba  Read Replies (1) | Respond to of 50167
 
Ike- Off Topic....
Didn't realize you were online. I look forward to your analysis in this den of bears that we suddenly seem to be in.
Thankss again. It's late here in California, children are with their mom this weekend, but I have to be up early for a meeting at the Zen center.
good night

bri



To: IQBAL LATIF who wrote (19326)8/15/1998 5:06:00 AM
From: George Mc Geary  Respond to of 50167
 
Here is your 10%+ correction from 52 Week Highs.
Is the correction almost over ? or do we try
for 12+ % ? I would opt for the 12%+ for a
stronger upswing and stability when we move up.

Index Current 52 Wk High Change

DOW 8,425.00 9,367.84 -10.06%
SPX 1,062.75 1,190.58 -10.74%
OEX 522.27 582.27 -10.30%
NAZ 1,790.19 2,028.18 -11.73%
NDX 1,330.04 1,485.97 -10.49%
SOX 252.67 405.48 -37.69%


Now for the real question. When will we
hit the bottom and start up. My guess is Mid
September 16 - 17 - 18, only a guess, WDIK.



To: IQBAL LATIF who wrote (19326)8/15/1998 5:23:00 AM
From: George Mc Geary  Read Replies (1) | Respond to of 50167
 
IQ, Check out Micron Technology MU. Seems we missed a nice move from Mid June of 22 to current levels of 33. DRAM prices are stabilizing and even increasing a bit. The new computers on the store shelves are not 32 Meg but 64 or 96 Meg as standard setup. More memory, stable prices, less manufacturing in SEA and MU's acquisition of TXN's DRAM business, seems like this could go higher.

Have a great weekend, my best to you and your family. George



To: IQBAL LATIF who wrote (19326)8/15/1998 10:51:00 AM
From: J. P.  Read Replies (1) | Respond to of 50167
 
BTW,

Thanks for keeping such a great thread.

The 'kahuna' thread just takes all my energy with its pessimism
and negativity. Instead of trying to interpret what the market is
telling them, some on that thread attempt only to find clues to
verify their permanently ingrained bearish predilictions.


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