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To: IQBAL LATIF who wrote (21338)11/12/1998 6:19:00 PM
From: IQBAL LATIF  Respond to of 50167
 
Semi conductors charts in bulk..
clearstation.com



To: IQBAL LATIF who wrote (21338)11/12/1998 6:39:00 PM
From: Judy  Read Replies (3) | Respond to of 50167
 
Ike, my dear, thanks for your kind words. Now a few things ...

Which calls did you buy on INTC?

Did BKX violate the level you specified that would turn the market vulnerable again, and what was that level?

As for the semi recovery, do take note of ASYT and PRIA. I posted to OJ if the semi rebound were for real and immediate, automation is key for the fabs to get rolling again. Value buyers have been loading up in anticipation and momentum traders should join soon.



To: IQBAL LATIF who wrote (21338)11/16/1998 11:10:00 AM
From: IQBAL LATIF  Respond to of 50167
 
Stock Pick for Monday, November 16, 1998
BUY! GENERAL MOTORS CORP
by Harry Aloof


GENERAL MOTORS CORP (GM-NYSE):

Technical Viewpoint: From a low of $54.44 on Sept 10, 1998 prices rallied, reaching a high of $59.94 on Sept 29, 1998. A decline saw prices pull back, reaching a low of $47.06 on Oct 8, 1998. Another rally saw prices penetrate resistance line "A", closing Friday at $70 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 21, 1998 when the Histogram crossed the "0" line to the upside. Support: Remains at $66 1/2. Resistance: Is at $74 3/4. Point & Figure: Reversed to the upside on Oct 9, 1998. A P&F downside reversal takes place at $67.00. Summary: Technical indicators have turned bullish. BUY! GENERAL MOTORS CORP (GM-NYSE) @ $70 3/8 Stop. Use a protective stop of $67 1/2. General Motors Corp is currently trading @ $70 1/4 plus $3 1/4 on Nov 13, 1998.
Click here for the Technical Chart
Price Objective: $89 3/4
Risk/Reward: $2 7/8 VS. $19 3/8
Ratio: 7:1