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To: IQBAL LATIF who wrote (21251)	11/5/1998 11:28:00 AM
From: IQBAL LATIF	Respond to of 50167

Market is not going anywhere until composite gives away... Abby thinks market is still a buy if you don't get a sell off in composite SPZ is just a locals game, BOE cuts .5% interest rate more than expected.. 1771 is critical between 1102 and 1124 is area of trading, coordinated rate cuts are most important, unemployment number today showed litle more unemployed, seasonal hiring has not started so no job growth will be shown this month, I expect to take cue from RUT composite, 1810 the previous resistance is now a support, small cap rallies never finishes in one month it takes full two years before it comes to fruition according to Kopp, the guru of small cap investing, I will go for Kopp, once according to him move has come this can keep going for two years although along the way their may be up and downs, go out two years and replay the chart you will see I wish I would be a partof small caps.. according to Kopp this morning.. instant gratification is out that was only possible at 1320 when Dell was 41 and CCI 28 now we need to lok at the market from normal investment point of view, wait and hold the market will take its time and we will se a lot more of 1050's and 1180's but instant gratification -- no room anymore this is long party iwth RUTs and compsite slow and steady somedays a good move but no bull is going to give it up easily.. no one wants the market at 9000 yet.. they want broad move today after AG speaks at 1.00 we may see this softness if 1810 is taken out otherwise we will close most probably above 1125 area this will keep pounding the upward resistance..

To: IQBAL LATIF who wrote (21251)	11/11/1998 8:35:00 PM
From: Elllk	Read Replies (1) \| Respond to of 50167

IQ You have said: <<On internets I am very akeptical with exception of AOL and AMZN which I have added at the lows, I do use them verty carefully, I was asked and I clearly indicated I don't like them>> and you have also said: << they [the bear gurus] have never ever understood the phenomenon what is known as compounding for them to rate a company potential is to rate a company on basis of P/E for one or two years totally disregarding the perpetuity potential of a company it is like capitialising returns of a person's income for only first few years of his life disregarding the potetial of growth...it is this compounding affect better expained by Warren Buffet which I think derives the market.. >> Currently the internets are showing a remarkable resilience. What about the possibility that they are a unique or special category of what you refer to in the latter statement? Does the resurgence hint at some kind of growing intuition that the current status of internet may be at something like the pre-cursor "primitive streak" or "neural tube" stages of a fetal development in what will become the brain and nervous system of the globe? If so, the current occupiers of crucial points on the "primitive streak" or "neural tube" of this coming global organism are in the best position to potentially command crucial spheres of possibly vast growth and to benefit from the commensurate expansion as this global nervous system moves to maturity. In human gestation the "primitive streak" appears at about 16 days and the "neural tube" at about 24 days in the approximately 270 days of gestation and the expansion of the pre-cursor elements is enormous. Of course, the validity of this analogy or the correspondence of the current status of internet to a particular point in fetal gestation should be examined with a critical eye, but given the dramatic development of computer technology (including the amazing continuing accuracy of Moore's Law) and the perhaps even more dramatic deveolpment and penetration of internet (as well as the vast remaining space still available for further expansion and penetration), the analogy has some compelling aspects. Given my respect for your thoughts, I wonder if the resurgence and surprising, at least so far, resilience of the internets has given you some pause for considering them as possibly falling within your latter statement above. Larry