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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (14260)11/14/1997 3:50:00 PM
From: Tom Trader  Read Replies (1) of 50167
 
>>You can keep disagreeing with me

Iqbal--I disagree with you when you state things that are not correct. You can cite all the information you want about fund managers and hedge funds and so on.

I once told you that my approach to investing/trading is very simple -- I don't look for manipulation and hidden meaning and what not. Why don't you look at the reality of what has happened to individual investors and those who have followed YOUR recommendations on this thread--especially those who have gone long technology stocks.

I remember that you often used to reference your previous links when you were right on your analysis. Well I think that you should go back and post ALL of the links and show everyone how completely WRONG you were about many positions that you initiated/recommended. To name a few, just off memory--INTC, AMAT, TXN, CPQ--though I am not sure about the last one. Anyone who followed your recommendations would have been DECIMATED. You and I got into exchanges re INTC and what management said and meant--and you know what INTC has done since then.

Please don't misunderstand me--I think that you are very courageous in stating your point of view and recommendations--but I take exception to comments that you make that are at best misleading and at worst almost delusional. For example, your comment some time ago that it is the bears that are "bleeding"--a patently absurd remark, if ever I have heard one. Even the ever-polite Mohan--had to take exception to that statement.

It is an inevitable part of trading to make wrong calls/trades -- I do it all the time and when I do, I cut my losses and move on. What I don't do--which you seem to have an extra-ordinary proclivity to doing is to insist that you are right, when you are patently wrong.

I recall not long ago that you felt that the 16000 level on the Nikeii was critical--now that we have pierced that --- it is the 15000 level that is key and if/when we pierce that it will be 14200 and then who knows what.

I want you to know that it is rare for me to get into this type of exchange with anyone--but as I have read your postings-- constituting almost denial--I reached a point that I just had to say something.

I am sorry if I have caused you any offence--it is not the intention, I assure you.
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