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

To: IQBAL LATIF who wrote (21317)	11/11/1998 10:05:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

INTC at these levels have kind great vindication for me I have been on the side of INTC far too long-- we have seen a lot of crap written and talked about and the end INTC is not 45 it is 102 as I write I would still think we have a room here we will go and test 330 on SOX that would take INTC much higher for what it is worth from a perpetual INTC long I don't mind buying INTC 110 calls for March I would think this is one stock which has a maximum coiled interest.. it has been bad mouthed so badly that only way for Kurlack would be to issue a warning on Techs again and get entry at a lower point.. I woud think that SOX at 330 should retreat back to 252 by Feb 99 and again roar back to 400 area by July 99 we will see this summer rally next year right now I would like my SOX PSE DDX to go along the plan which I have charted for last few weeks- DOW will be stagnant I want it so- half of the managers only look at DOW for seeing US markets little do they realise that it is composite and RUT that is going to send the feel good factor across million of accounts this month and that would be simply great.. more money i the stock market,, it looks that these are all double top here as new highs are being reached but if we closely look at various combinations in Feb 98 pre 2000 composite and now this is a composite which is at 1900 plus minus few points with SOX at 185 not 335--- last time around we had RUT suffering and market moved ahead basedon INTC MSFT and CSCO's this time these stocks are being followed by small caps and as old hands like Byron Wein keep saying alongwith Kopp these kind of rallies die hard they are not manufactured by locals.....