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Politics : Idea Of The Day
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To: KHS who wrote (21132)10/30/1998 9:33:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
KHS- You must have done very well.ggg Coming back to this internet I think these are momentum stocks and hence I don't really play them with exception of two, whch I highlight in my watch list, I would think that around 1120-28 level on SPZ I would like to buy some puts on some of these stocks, I use these stocks as a proxy and defensive strategy or as hedge against my exposure, I have done well so far I keep a very cautious outlook however I do not stand in front of the train. MARKET has its own excesses on upside and downside it is people like us here who were right in the middle of the carnage appreciated by our worst enemies as best short term opportunists, keeping our core intact and than making a huge killing by pointing oiut the bottom, the only way to deal with the market is all encompassing view, protect your bases well and this is the best approach, one thing I have learnt never short- therefore despite of my reservations I think these stocks have momentum and I would like to only act when market is tired..
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