SI
SI
discoversearch

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
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cynic 2005 who wrote (13723)11/8/1997 5:02:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Mohan- I think you have considerably changed your stance and you are not any more a proponent of big K- that is good enough- I think not many people out on SI talk about market direction on day in day out basis- yesterday the timing of your red alert message was strange however I still strongly believed that this market will not break on the down side we stood by our conviction and although all the charts were looking ugly I posted that this market will not go down- my conviction came from my fundamental read of the market- to apply macro knowledge in markets is the name of the game today and as far as we remain focussed to the result I am a happy soul- as far as shorts bleeding is concerned on opening I sold some puts 900 someone paid me 29$ yesterday I traded and closed those puts twice once in the morning on rebound and once later (audit available with SB- NYggg) when it briefly touched 916.5 someone must be paying for all those rich premiums which just eroded within a day- markets are not about right or wrong I think it is about ' rational view' and how one perceives it- You very rightly question people who purchased Semis at very high cost but I will ask you a very simple question I don't think being short for last six months also is a very exhilarating experience? That in my opinion does have some cost consequences. You think these markets are going down may be but have you ever calculated the cost of being short from April to say Oct. Last 30 days have shown me that the shorts have to pay a much dearer price it is not cheap and it is really painful. Markets have their own justice and playing markets is about being long or short but one thing remains it all boils down to bottom line and I think longs will do better in these markets then shorts.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News