<<I have acknowledged your skills as a short-term trader>>
It is my skills as a 'long term positioning ability' that I am proud of, on short term trade from Aug to Oct I was more short than long on SPU options, what I did not want was to get long term holdrs holding CSCO IBM MSFT at low values to get out of the market that is what you guys did, and Accopora led you on, it was my short term skills that helped me with the dip and my long term bullish stance that today made me one of the finest predictor of the marekt, making my thread a must read.. On one hand my short term skills are being acknowledged on the other I am being condemned for my dissmissal of long term problelms that were suppose to be as follows..as per proton..
<<Many people, including Iqbal, underestimated the potential impact of the Clinton scandal on the market. The Lewinsky-Starr immunity deal marked a good day to short the market. The ruble collapse and the Japan banking shudder (both of which Iqbal pooh-poohed at various times during August) cannot be ignored, but traders and investors both fear any crisis of leadership in the U.S.
Iqbal is an exceedingly competent trader. His miss on the August decline (complete with heaps of derision on the "permabears") should disabuse anyone of illusions of his infallibility. >> if I would have
accepted long term repurcussions of these minor irritants and shorted like everyone else was doing I would and my friends would be out of our core and would not partiicpate in that huge ru from 1310 to 2800 plus. Lets look at his foolish reads and with benefit of hiondsight se that how wrong he was on his observation like all his cabal bavking him..
1..<< underestimated the potential impact of the Clinton scandal on the market. The Lewinsky-Starr immunity deal marked a good day to short the market.>> Total crap, I dissmissed it for simple reason Ithought about Senate and I knew that thye don't have votes for me that scandal would not have impacted long term direction of this bul market, anyway I don't ask people to sell and apy capital gains and end up looking at 2800 on NDX where it was on 1310 in Oct, when all these guys were calling for disaster and I after a short below 1197 on SPU went long big time on the day when bond broke from 135...
2. << The ruble collapse and the Japan banking shudder (both of which Iqbal pooh-poohed at various times during August) cannot be ignored, but traders and investors both fear any crisis of leadership in the U.S. >> In longterm macro economic outlook my prema bull position came out to be true, I shorted the indexes, called for short trade on SPU and than went long with my core intact, I poph popoh and dissmissed long term imapcts as you can see now that my read was alright, Japan banking scandal did not destroy Japan it helped it build Japan, russian ruble crisis did not destroy ther global finacial systems the thing these guys on Tech stock options and Protons gurus were porposing. Accompora is nonsense, he was short, he got his clients out in Sept, paid huge capital gains and entered at 1780 on 18th Oct afdter three cuts were announced, we never sold our core, went with SPU from 1097 short whiole Sept kept adding to nice stocks and on 8th was nly thread that picked up the bottom... I would have stood accused if today world financila systems would have destroyed due to Clinton erections or ruble or Japan.. |
