Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IQBAL LATIF who wrote (21611)	11/23/1998 4:36:00 PM
From: wmwmw	Read Replies (2) \| Respond to of 50167

I am seeking the justifications for this high valued market. Has the economy slowed down? If not why FED cut rates? Could a human money policy change economic cycle? I can find more from psychology rather than fundemantals. And what about tax selling? I just feel a lot of bubbles.

To: IQBAL LATIF who wrote (21611)	11/23/1998 4:56:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

There are rallies and 'rallies' but this is a super duper rally and when the stocks you are in perform like this what else do you want and the best is you doubled up at the lows---- you wrote a script and the market danced on the script like a 'dancing queen' Idea gooing back is fun ... 'excesses' the global market has not even started participating-- JPN if we have a 500 point rally and close above 15000 it can be good but if we close lower in JPN we could see this sitting on NDX 1555 support within two session,,, I could not have highlighted the impact of this market on 7th Oct post if this is not what I expected the bond squeeze and JPN squeeze the two I referred to one was achieved next day which triggered my auotmatic buying very much on the lows and second squeeze is JPN I would think JPN needs to deliver for this to sustain in immediate future- if we get JPN where we want I will give new levels otherwise a phase of consolidation but not before market shows me the tend let it now break 1555- if this has to go up be with it if down cut out at 1555 to reenter at 50 days ma that we will see when is the question but don't get whipsawed fine tuning the market- keep moving your stops higher like I have been douing and participating in this huge run from 1380 to 1155 we got nearly 200 points higher without scarificing any long as we kept the trailing stop profit veryt close but far enough to run enough...for me this is normal darama- DOW new high, Nasdaq new high, NDX new high, OEX new high the new ball game begins but I initiated huge puts -- on AMZN towards the close- for me I would think this is dead money but one one hand I am planning to get out at 1555 on the other I have a hold on AMZN- if it has to go down it will not without me- This is the first short across the bow for AMZN longs- I will get out of my stocks at 200- and puts are now a reality.. Portfolio & Watch List Events Event Symbol Last Change Most Actives AAPL 36 1/4 15/16 AFCI 10 3/16 1 1/32 AHP 53 15/16 1 1/16 AMAT 40 1/16 3/4 AMGN 79 1 3/4 AMZN 218 37 3/8 AOL 89 1/2 4 5/8 ASND 54 7/8 -3/16 BA 43 15/16 3/8 BAC 65 1/16 2 BMCS 50 3 3/16 BT 84 1/4 7 CCI 48 7/8 3 13/16 CMB 64 7/8 2 15/16 COMS 41 15/16 2 1/16 CPQ 34 9/16 9/16 CSCO 76 3/16 1 9/16 DELL 65 7/8 1 1/2 DIS 29 1/2 1 EMC 71 5/8 1 5/8 GE 94 9/16 1 7/8 GTW 61 5/16 4 11/16 HBOC 25 1/8 -7/8 HWP 61 5/8 3 13/16 IBM 166 9/16 6 7/16 IFMX 5 27/32 3/32 INTC 113 9/16 1 1/2 IOM 7 15/16 -1/4 LU 88 5/8 2 MER 76 4 3/8 MO 58 3/16 2 7/16 MOT 61 5/16 -5/16 MSFT 119 3/16 5 9/16 NSCP 41 15/16 2 3/4 PFE 116 3/8 4 1/2 PMTC 16 3/4 1 1/2 PSFT 22 1/8 1/16 RMTR 7/8 -1/8 SLB 49 7/8 -1 9/16 SUNW 71 5/16 3 13/16 TLAB 54 5/16 3/4 WAMU 40 1/4 1 1/4 WFC 39 1/4 -5/8 XCIT 50 15/16 1/8 XON 72 0 Close Above the 13-day EMA ADSK 36 1/4 1 1/16 AHC 57 13/16 9/16 BVF 32 1/8 -1/8 CCL 34 3/8 5/8 CTII 1 9/16 0 G 47 11/16 1/4 QUAL 3 1/2 1/16 XON 72 0 Close Above the 50-day EMA AFC 53 15/16 1 7/16 AHC 57 13/16 9/16 ALA 24 1/2 1 3/16 HBOC 25 1/8 -7/8 MLCH 9 -5/16 PLL 24 1/16 -5/8 XON 72 0 Close Below the 13-day EMA ALSC 3 11/16 3/32 ANDW 16 1/16 -5/8 EXAR 16 5/8 0 IFMX 5 27/32 3/32 IRF 9 1/2 -3/16 LCRY 17 1/16 5/16 ODETA 7 1/4 3/8 PMTC 16 3/4 1 1/2 Record Price High ALTR 53 7/16 1 1/2 AMAT 40 1/16 3/4 AMZN 218 37 3/8 ANF 58 3/8 2 13/16 AOL 89 1/2 4 5/8 ASND 54 7/8 -3/16 COMS 41 15/16 2 1/16 CSCO 76 3/16 1 9/16 CTXS 86 1/2 3 EMC 71 5/8 1 5/8 GPS 73 1/2 5 1/2 IBM 166 9/16 6 7/16 INTC 113 9/16 1 1/2 MO 58 3/16 2 7/16 MRK 156 1/8 4 5/8 MSFT 119 3/16 5 9/16 NOK.A 101 5/8 3 1/2 PVN 95 9/16 6 1/4 RFMD 27 1/2 1 1/2 SEG 31 3/8 11/16 SUNW 71 5/16 3 13/16 TERN 22 1/2 2 5/8 TXCC 28 3/16 -5/16 TXN 78 3/4 2 1/4 Record Price Break Outs AMAT 40 1/16 3/4 Gap Up AMZN 218 37 3/8 BEN 44 7/8 4 3/8 CMB 64 7/8 2 15/16 GPS 73 1/2 5 1/2 LRCX 19 13/16 1 5/8 MER 76 4 3/8 NSCP 41 15/16 2 3/4 TROW 38 1/8 2 7/8 Percentage Gainers AMZN 218 37 3/8 APM 7 1/8 9/16 BEN 44 7/8 4 3/8 BT 84 1/4 7 CA 44 3/4 3 1/2 CCI 48 7/8 3 13/16 GPS 73 1/2 5 1/2 GTW 61 5/16 4 11/16 PVN 95 9/16 6 1/4 Price Gainers AMZN 218 37 3/8 AOL 89 1/2 4 5/8 BEN 44 7/8 4 3/8 BMCS 50 3 3/16 BT 84 1/4 7 CA 44 3/4 3 1/2 CCI 48 7/8 3 13/16 CMB 64 7/8 2 15/16 GPS 73 1/2 5 1/2 GTW 61 5/16 4 11/16 HWP 61 5/8 3 13/16 IBM 166 9/16 6 7/16 JPM 115 11/16 6 1/16 LLTC 74 1/2 3 5/8 MER 76 4 3/8 MRK 156 1/8 4 5/8 MSFT 119 3/16 5 9/16 NOK.A 101 5/8 3 1/2 NSCP 41 15/16 2 3/4 PFE 116 3/8 4 1/2 PGR 148 13/16 3 11/16 PVN 95 9/16 6 1/4 SUNW 71 5/16 3 13/16 TROW 38 1/8 2 7/8 UNPH 55 3/8 3 5/16 MACD - Bearish BL 19 -7/8 KCS 4 9/16 -1/8 Stochastic - Bullish BVF 32 1/8 -1/8 IRF 9 1/2 -3/16 NKE 44 3/16 1 1/2 This Months Best Trends ELNT 4 1/4 -1/2 TERN 22 1/2 2 5/8 WDC 14 1/8 -5/16 Close Below the 50-day EMA EXAR 16 5/8 0 HWP 61 5/8 3 13/16 MACD - Bullish MLCH 9 -5/16 NOK.A 101 5/8 3 1/2 PFE 116 3/8 4 1/2 SNE 74 7/8 1 3/4 Percentage Losers NE 13 9/16 -1 1/8 RMTR 7/8 -1/8 TDW 25 1/2 -1 7/16 XIRC 31 29/32 -3 5/8 Record Volume PLL 24 1/16 -5/8 Stochastic - Bearish SAP 44 1/2 1 3/16 Price Losers XIRC 31 29/32 -3 5/8 13-day EMA Cross Above 50-day EMA XON 72 0 Dividend Declaration YPF 29 5/8 -1 1/8 Price Performers Doing Well ... AMZN Up 37 3/8 at 218 BT Up 7 at 84 1/4 IBM Up 6 7/16 at 166 9/16 PVN Up 6 1/4 at 95 9/16 JPM Up 6 1/16 at 115 11/16 Doing Poorly ... XIRC Down -3 5/8 at 31 29/32 VOD Down -2 9/16 at 144 5/8 RIG Down -1 3/4 at 28 9/16 SLB Down -1 9/16 at 49 7/8 TDW Down -1 7/16 at 25 1/2 Percentage Changes Doing Well ... AMZN + 37 3/8 20.69% at 218 MLIN + 13/16 19.70% at 4 15/16 TERN + 2 5/8 13.21% at 22 1/2 AFCI + 1 1/32 11.26% at 10 3/16 BEN + 4 3/8 10.80% at 44 7/8 Doing Poorly ... RMTR - 1/8 -12.50% at 7/8 ELNT - 1/2 -10.53% at 4 1/4 XIRC - 3 5/8 -10.20% at 31 29/32 NE - 1 1/8 -7.66% at 13 9/16 RIG - 1 3/4 -5.77% at 28 9/16