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

To: steve susko who wrote (21146)	10/30/1998 6:14:00 PM
From: IQBAL LATIF	Respond to of 50167

Steve I was looking at one of my posts and I thought to remind you in my opinion shorting in Oct was risky purely from earnings point of view, remeber Oct 97 we had similar low expectations and earnings came in line for Jan quarter, here we have seen a quarter which is historically weak and we have done very well, now fourth quarter in wake of strong economy and lower short term interest and add on to it the lower $ expectations as it helps corporate bottom lines we are looking at huge possible run, also look at ASEA export figures and rising ASEAN foreign exchange deposits in excess of 120 billion $'s and still rising, look at GE getting new orders for turbines and long line for deliveries, moreover lower interest rates and rates cuts resulted in that big rally from 96 onwards with clearly three distinctive corrections as I have highlighted here we see a rate cut in a strong economy environment and that is kind of kick on the but of RUT, like DOW had this rates cut move up this new round of rate cuts and easing willl certainly help RUT and Techs... I wish I could scan some of these charts I have developed but if you compare $ weakeness with Tech performance strage kind of picture emerges so one need to be very careful, from 750 run we only stopped at 890- so SPZ can be tricky here but RUT 402 is the target and that is more driven by attractive vlauations and final realisations that we are not in a deflationary cycle.I do look at OXHP cash but I wish I had that much of time to look at companies in details I am big directional trader and for me rising tide lift all boats but my selection criterion picks the boats which are going to go up the highest...ggg This is not something I will decide to buy a stock my main criterion would be possible growth potential..