When everyone else was selling, I said 'The bhumbo is coming and ready to go up--- my bhumbo is an enemy of
voodoo artists and ice cream selling shorts'...nothing speaks better......
Monday, Oct 12 1998 3:10AM ET
Reply # of 20917
On ASEA and bonds I was ahead of curve but my fundamental reasoning that $
weakness will help us is intact and proven right-- SEG is my new trade biggest
benefactor of US $ weakness like IBM and INTC and MSFT---
With ASEA showing promise and weaker $ helping developing markets and Japan
trading higher, we had a single close below 13000 only once in this draft down as today
we are higher all eyes are fixed on Europe. Like every other time we on one hand
forecasted the break with levels of 1498 and 600 on composite and BKX we were also
the one to report the turn around by looking at bonds-- once again making a point that
when it looks the bleakest may be that is time to pull the trigger.
Since inception of this thread I have always tried to forecast situations and comment on
issues which are causing major moves and I have tried to highlight various trades I
execute, like short bond trade was greatest opportunity and similarly longing calls on
break with a hedge on downside was another classic example of forecasting a major
move without complicating the readers with non-scientific self styled theories now
when bond was selling off and no one on SI related it to a major opportunity up clearly
indicated to me once again that charts and TA alone never helps, one gets badly
whipsawed if on one hand it is important to short on the other we should know when to
leg out.
I just don't understand how do perpetual shorts can take this piercing bhumbo time and
time again, I wrote that my bhumbo has dipped to get proper grease and will come
back up with vehemence that is exactly how it happened-- I think that market is poised
for a move higher as bonds are now without that 'blind buying' by the hedge funds- it
will be now that a strong employment report will affect the bond markets as supporting
factors have all vanished it will be now that artificial jacking of Yen will be unsustainable
as hedge funds have a bloodied nose..
The script was straight to sell Yen go long $, as Yen keep strengthening forcing the
Chinese to threats of breaking the peg this resulted in global meltdown of markets and
further strengthening of US $ as $ becomes currency of last refuge.. WSJ and other
short term journalists were the willing tools who objected fiercely when Hong Kong
money authorities served a full bloodied blow by stopping the double trouble trades of
shorting the currency and shorting the markets under name of free market economy..
This thread remained on track highlighting the artificiality of this whole bond move
remained short the bond and just hours before the break highlighted this coming break-
I look back and look at my various posts interlinking the Chinese peg and Yen strength
and my forecasts that I have never seen something like this.. it was a long wait but a
sweet revenge---
I think I need to recollect all this for two reasons one that 'voodoo forecasting is greatest
pleasurable maturbation in cyber space' however perpetual doom and gloom never
makes money, second buying Dell at 44 and Nokia at 60 is a pleasure which only a
buyer can share, the voodooists are short will remain short and since they have no idea
what is moving they get whipsawed 'day in day out.'. it was not that the global system
that was breaking down it was the amount of leverage which was destroying the balance
of markets.. if they would have gotten the peg they would unwounded successfully the
Yen /$ trade at 155- 165 level and would also have drained Hong Kong of its valuable
reserves... free market economy does not mean the developing nations be subjected to
hyped up selling without macro-economic convergence-- no peg in this world can
survive if convergence of macro economic fundamentals is not achieved hence this
thread maintained its policy of supporting HK decision to intervene in the market big
time as to stop out the shorts.. let the shorts move in now and try to make money as HK
comes back up roaring- I have been highlighting that one after the other uncertainties
are being removed, Russia was mother of all problems as specter of nukes was raised by
the self styled pundits and shorts of SI-- I have only one message that we skinned you,
with 300,000 $ made from short trades I am holding long calls worth 5 times and I got
this money from shorting -- I will rather give up all of it but will ride this Nokias MSfts
|Dells-- The bhumbo is coming and ready to go up--- my bhumbo is an enemy of
voodoo artists and ice cream selling shorts...
|
