Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IQBAL LATIF who wrote (19796)	9/1/1998 5:24:00 PM
From: P.E. Allen	Respond to of 50167

ANOTHER TIP Posted from another thread. USTI = Rumors are building on this one, research it and you be the Judge. Update:: stock closed up 70.0%, R.I, has revised his prediction for the close on this stock on Friday. Originally, he predicted .06 by Friday, that was taken out today. New prediction .12 cents or a one bagger. That would be nice.

To: IQBAL LATIF who wrote (19796)	9/2/1998 3:38:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

The global markets are reacting positively to the US close of last night- HSI is solidly up, it opened higher and never looked back, the speculators did not even check the resolve of HK authorities. I think they would like to sell at a high point and try to take market lower, but when you have a deep pocketed Governments ready to play ball the game becomes a little difficult, now it even playing field, making money will be real fun the HK authorities are now defending the peg much better as their hands are not tied behind their backs by short sellers in the equity market. Interventionist approaches helped the icon of OECD economies like France, Germany decision to have this ECU going now had it not been for this inconvertibility we would have by now seen Chinese devaluation.. One hand we have seen that hedge funds have a claming affect on the countries but on the other they undoubtedly magnify the problems disproportionately, I still think that no developing country in the world with an open account convertibility can fend off these speculators if they descend on it. Brazil with 67 billion $ of reserves has committed 10-15 billion $ just to fend off any impending attack, reserves are finite quantity a 20 to 1 leverage gives the potential to dislodge even the most strongest of wills or economies. IMF would need to take some lessons from China, it had the most vulnerable currency but speculators were unable to dislodge it only because their was an indirect proxy to short Yuan but not a direct route. The problem that these hedge funds see a global deflation is due to economic slowdown as a result of massive transfer of resources from developing nations back into the coffers of hedge funds. Draining the reserves of developing world under pretext of open economies is a policy which cannot be continued, at the end of the day these bail out packages are underwritten by IMF, but the question is the net transfers out of the developing world, the Russian situation is a clear example that ruthless speculation may lead to further debt moratorium's moreover the very hedge funds who anticipated the developing countries to play by the book are now caught up in huge losses as the betted on the wrong side. One can argue that what is the point here they take risk and get duly rewarded my point is that in the process in calculable damage is done to the country whose currency comes under speculation, to get back on track billions are required as immediate fusion and social costs are alarmingly high. Some how we would need to see that if global interactivity has to continue their need to be a cooling period where interactivity may proceed without these turbulent movement, it is strange that a strong global economic cycle is now being threatened by fears of deflation, their is no rational thinking behind all this, falling Oil prices depicted as one example of deflation, but will not these falling oil prices help overall consumption and better buying levels leading to higher demand in the developing world. Economists now realize that specter of inflation is always better than no-inflation, imagine what use to be below 5% employment sure sign of inflationary pressures is now dismissed and focus is placed on commodity prices even wage inflation which constitutes 70% of inflationary pressure is being disregarded. I think we have this global slowdown in demand as result of draining of lot of productive funds out of the systems under pretext of free market and open markets, the net transfer of resources from the developing world to OECD hedge funds would in no way helpful to global demand. It will lead to depressing these demands however as I highlighted last night how much of the global buying power lies outside US or OECD countries, judging by concentration of GDP with riches, the net transfer of resources will not lead to deflation as the rich world owns most of the wealth anyway and contribution of the developing world is far too low to affect the OECD juggernauts.

To: IQBAL LATIF who wrote (19796)	9/2/1998 3:50:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

My target today on SPY is 1018-30 area in my opinion we would face some resistance in crossing 8000 but we will do it, the 1600 and 500 break will be a nice bullish formation. I will like PSE to take advantage and would like my SOX DDX trades initiate positions Dec on PSE to get a broad entry to the markets I like-- I am thinking NOKIA TXN CA COMS ASND IBM MSFT INTC HTCH SEG as good plays undervalued.. I will like to initiate new puts only on a break below 970 now- for me it is falling markets you buy your puts like my call of 996 break and 1010 and get out of them, in falling markets indecision leads to problems therefore in markets moving from 200 days test of averages it is plainly wrong to initiate a contrary trade-- we have seen many doing this and have bben short all the way to 1230 or 2028 levels- always look at a break of a resistance or support right now we are breaking resistances- Once supports are threatened we will need some other strategy, 950 has proven once again a very solid support..This momentum needs to take out few good resistances on upside-- the ball game will not change from caution until 1060 is taken out the major resistance up their..