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: J.T. who wrote (20731)	10/1/1998 11:54:00 PM
From: surfinSteve	Read Replies (1) \| Respond to of 50167

Globex is up, the Nikkei tanked and came back, Taiwan is down a bunch, Australia is off but not badly. Tough to say what tomorrow holds in store: Globex: 11:50:22 PM S&P 500 DEC98 1003.10B +830, NSDQ100 DEC98 1301.45A +1120 11:46:41 PM S&P 500 DEC98 1003.30 +850, NSDQ100 DEC98 1301.45A +1120 Check the world markets: home.att.net Good luck to all! Steve

To: J.T. who wrote (20731)	10/2/1998 4:54:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

JT--This thread will never die, I was in Russia, Kuwait Saudi and now felt home sick and landed in Pakistan-- Idea is read by lot of decision makers and my present trip was an invitation by some organisations to explain my view point..on 'global economy' and the so-called 'chances of deflation'. Globex is right now at 986--- I think that market tested all over the lows, I would think that CAC is one hell of an oportunity if we have a close above 1030 today, I also think that this drp was important as most of the weaker hands who got in on rate expextations bailed out, the market did hold 992 and a second break below 992 i.e. my 1000 level will almost certainly lead market much lower it will break 960 suppor and hit 850 in my opinion in a weeks time however I will think of yesterday break as a false break, we may see closing above 1030 today the BKX index should break that 690 to get going until that happens I wil continue to trade this range on lower and upper side, this is a perfectly range bound market, I wil like to add some 60 calls of CSCO and 110 calls of MSFT with a view of three months-- I think the 'bhumbo' time and time again requires some greasing at lower level, it has got it now and will ready to move up if we do not break the lows of yesterday and close their, on shortside I will recommend to buy 930 puts Nov if 988 is taken out and I will recommend that trade with a sell of 850- to reduce cost, I will leg out of this trade at 950. The bhumbo will be better greased if it breaks this 988 ggg- this is not a market which has entered into ice age I would think that if stay on our script this is a perfect consolidatory move, we saw it from 600 to 750 750 to 900 900 to 990 990to 1200, for me 600 to 1200 move in last three years has been one of the finest runs of the market, in this kind of move it is perfectly normal to see a retracement of 50% from the high even 60%-- I am looking at historical relevance of bull market to unemployment inflation and bond yield- all these factors today point to a inflation free growth and second market is today prized for close outs, the NAPM report and Chucago managers report did not point to any such problems-- I would like this 1030 to be takne out today and a move to 1085 level again- on composite above 1660 level we will see a move to 1775 very quickly but without these levels being taken out and BKX breaking 690 1085 will remain unconquered-- only below 1088 we can buy a put spread as I have indicated before...Thanks for keeping this thread alive--