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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (7750)8/23/1997 4:34:00 AM
From: IQBAL LATIF   of 50167
 
Bart- Bond and Committees and unity has become from 21st Aug talk of the town- How about an investment club now? We will have a lot of talks and discussions about it but we all know where did it originated?

Yes-The success of ideas is involuntary acceptance and following by others- We will continue our help on open thread because that's the way- let people learn and form committees and funds that the way. However we will be first with the relationships and the idea that is because we are a team here.

Ref e-mail-Kind of strange that now every body is now looking at BONDS this is IDEA thread- IDEA thread talked of bond on 21st Aug 8.36 , you can find originality of a thread if anyone else has even referred to it before that time and date in such clear terms as me- Funny enough the talk was of big big rally and long S& P because yields will drop to 6,37%- they just moved opposite to 6,71 no problem - next time they will get it alright- If there is SI post to this effect before this time and date I will like to see.

I shorted the bond at 113,29 when others were talking about a rally- Reversal of bond that claim is a joke I was holding long puts on thousand Matifs at 129,27 I came out of my positions and when DOW was down heavily I wrote to JT that damage which bonds had to do has been done we will see flight to quality- the market saw bond going up to 112,16 from lows that was 'flight to quality' but the DOW pundits were bambozzled with this improving prices of bonds- it was a rally by default- bonds improved because DOW was falling and DOW came back on improving prices of bonds- that was the key- no one figured it out and they cannot because they don't trade every day with the biggest in the game.
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