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Politics : Idea Of The Day
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To: James C. Mc Gowan who wrote (35324)11/20/2000 5:30:13 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
In my whole experience that is riddled with lot of these severe sellings, I have always seen that when analysts jump like rats out of the ship that is the worst time for an individual ivestor..today I had dinner with a MER analyst in my home in London, he told me Ike these are hard times and we are looking at 2200 level on Comp.. now I do know that CW going around is these levels, I for one was not even able to play my long option puts today the level of 1342 really never broke convincingly rather I added NT today.. I will go through this correction with my puts strategy and that is it.. I am not going to bail out that has never been the case at 1000 NDX Oct 98.. these things will pass .. but you should be invested in core stocks and you should not sell puts or be leveraged or margined, as far as your strategy doen not need to look at close every day and your heart throb at that call from the broker from the margin we will be alright..I know all this and in my opinion we are very near to a huge catch on the short side.. capitulation is near and with Comp down and SPX unable to breakthrough that crucial 1328 I can see distribution and some grace but ofcourse very dificult times when Comp is down huge nad one cannot even play the SPX as limits are not hit but discipline has to maintained..
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