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Politics : Idea Of The Day
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To: Area51 who wrote (15192)12/2/1997 10:33:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Garry- I think great stock this thing ATML- I am positively sure we are going to see some nice movement from here- to justify misreading of market is absolutely strange- the bears still are in there own makeshift world of delusions- I am looking at most of these stocks and find it very interesting that inspite of a big move up the 'doomsdayers' are waiting for divine intervention- however if you see DOW ever breaking and closing below 8000 in a row- a break of SPZ below 760- you may always be successful to short this market- you don't need to be a rocket scientest to do that and now you can do it at fraction of cost- imagine to run shorts at 900 or 910 level and then to justify your totally untenable position- markets is about making profits from these moves rerading of International situations and applying them in its right context- unfortunately exaggerated self delusion and self believe is not the key to success- just relate your positions to SOX supports INTC MSFT IBM supports- once you see a break buy some Jan puts- however the question is will we see the brerak of major supports- I for one have serious doubts but I will not like to live on charity of the bulls I will like to skin Bears once again and they will pay for it dearly- how about Jan 1010 and 940 call and put combo SP optiopns - on upside you sell the calls and buy the puts on the down side- how about selling out of mioney calls of G 100 GE 80 IBM 120 rack in some premiums- but to overlook this big move and still be obsessed with a 'mother of all breaks' is a painful process- I for one does not subscribe to it or will buy it.
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