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: Al Serrao who wrote (26807)	6/4/1999 10:06:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

1318 is the first resistance and 1305 is a support, we can withdraw to 1305 and move back up, if 1318 is taken out we go up to 1330 area. Strong earnings results in strong profit this is what pits are saying today, but Idea has this as its slogan. I will like to recommend long above 564 on DOT and 395 if SOX is taken out. BKX looks like good and Bank one.. CD look good on option volume EMC can also be a good trade..

To: Al Serrao who wrote (26807)	6/5/1999 12:17:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Al ..On prediction of 1330 and 1335 range. <<If the number is strong and we have earnings in line I think market will test 1330 1335 area but it will still be range bound until CPI is out. Techs will anyway in my opinion out perform the market. I expect based on ECI that wage inflation fears will be put to rest, we may see some volatility but the possibilities that 1282 holds look good. 382 on SOX will hold and I expect that 402 test if number is in line. PSE 511 and DOT 560 remain important levels.>> Posts are worth if levels are hit, this is my take on your question what happens to Techs... and enjoy the levels here as if I saw it coming.. this is only because I keep my levels very simple no exotic or erotic stuff..gg +Al Serrao (26785 ) From: +IQBAL LATIF Friday, Jun 4 1999 12:06AM ET Reply # of 26866 Al..and KM---- The number is very important, I don't see why should we have a 'good number' with new construction strong and economy overall showing no strength of weakening we may still be able to live with a strong number if hourly earnings are benign. If earnings are strong we have a problem at hand, wage inflation will not be overlooked. This will help break this 1282 and 1250 level. If the number is strong and we have earnings in line I think market will test 1330 1335 area but it will still be range bound until CPI is out. Techs will anyway in my opinion out perform the market. I expect based on ECI that wage inflation fears will be put to rest, we may see some volatility but the possibilities that 1282 holds look good. 382 on SOX will hold and I expect that 402 test if number is in line. PSE 511 and DOT 560 remain important levels. However break of 1282 starts a new leg downwards where my first objective would be 1250.