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

To: oexplayer who wrote (21121)	10/30/1998 3:08:00 AM
From: IQBAL LATIF	Respond to of 50167

A double close above 1080 as I have said when we were at bottom near 970 would take us to 1130, my recent Bhumbo history will be followed and we will see SOX at 292 if thast happens the first major resistance on SOX is 275, but the way things look we may take it out but this is the area SOX has failed many times however never armed with great earnings SOX had this year, I know MU looks expensive here ast 40 but I have seen this being touted as great short at 15 and so was INTC, for me market exceeds both sides if you are long you may well see your levels the put premiums on Nov puts have just dissappeared, so it is a very expensive hobby to dabble with short positions - yes I know our perpetual heroes they do it all the time on this SI but I tell you I have been sent a compilation of 'posts of shame' and I can tell you that it would be fun reading the gurus three weeks before and two weeks after 26th July 96 DOW at 5550 28th Oct 97 DOW at 6990 and 8th Oct 98 DOW at 7330- the script remains the same, by the time they are long bhumbo is always through them.ggg