Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (26962)	6/10/1999 1:52:00 AM
From: IQBAL LATIF	Respond to of 50167

OT............Let the magic continue. A post and my answer....Thanks for a kind post...Vish.. << hi iqbal, thanks for your views and we will be in touch later.. ..... p.s let the magic continue...great calls..most of my family members were chastising me for holding on to positions during this downturn for they thought this is the end...but i held on..thanks to your wonderful posts.. >> The Idea party continues, no one else covers the moves as we do, and the only way is to reproduce the posts and read them with a benefit of hindsight. They give you confidence for future... but never make this assumption that anyone is bigger than market, many a traders have lost big after some calls, it is the consistency that matters, keep making the right call day after day after day. And don't ever shy of patting your ownback, that is important. Feel good about your calls when you stick your neck out think as if you are the orator and you are the audience, the resonance of your posts should make you feel happy, I do it every day and have made this a hall mark of my strategy. Daring my ownself, I know it daggers will follow me if I am wrong big time, I raise the stakes every day and try to bring the best out of me. Market is the biggest show on earth and I treat it with due respect, I do it every day for me market has feelings it grinds the 'naysayers' very fine. Trend is your friend. However, always have a hedge when you have long positions, on the way down try to buy some puts when important levels are taken out and get out of them on rebound, like I did for SOX 372, imagine the guts required for a person of my standing to say SOX goes to 440. .who else had this audacity here we are at 430.. but I do buy puts and sell calls when my levels break, so do have protection. This market has spewed out like dead fish many a traders, Ike is only a trader and never bigger than markets, market loves me as I don't claim I feel like shorting or I have a sell, my approach is 'take what market give you I have no goals', market likes my obedience and humility towards it and rewards me amply.Markets also likes that I am her best spokesman. Idea is just a very small stage and Ike is the 'maverick showman' on this tiny speck of cyber world.... those who love me, love me more for my showman ship those who hate my guts they go and shine their rusted daggers for that long wait to see the market at 5000, rest assure that Ike will be the biggest short when times comes. US top 500 has market cap market cap of 8 trillion $ they last year made a profit of 334 billion $'s, that as some where around 26 times profits, these kind of profit makiong companies sell at premiums not discount..Love Kish regards and always at your service..Ike

To: IQBAL LATIF who wrote (26962)	6/15/1999 12:59:00 AM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Even after these clear posts in succession and identifying TXN MOT EMC as my picks with clear indication of break of supports makes me a bull than the bear need to have their heads examine, I am in the right sector that is SOX which was up even yesterday and I am taking my profits from it and for me market is about supports and resistances.. << A break of these supports 1318 and 2475 will lead us to 1292 on SPm and 2360 on Comp. naturally such a break can be expected if numbers come out wildly out line and instead of one tightening we may see a coherent pattern across the board in price rises.Market needs to be traded within some supports and resistances anyone who has not learnt this will have to learn this discipline, I have over period of time and working hard to make it popular. >>> IQBAL LATIF on Jun 9 1999 10:49PM EST SPM 1318 is a support which was tested solidly, I would like this support and 2512-4 support on Comp to hold today, SOX has the potential to move upto 440 area where it may sell back to 405.. I will replace my TXN MOT EMC and other heavily in the money calls with out of the monies. I think if 1318 holds well until Monday the path of least resistance is upwards and not downwards, the pits shorted at 1327 yesterday and they would like to do it again, the Monday high of 1337 is where they would get out, so if 1332 is out and we see 1338 the rally can take us to the old resistance of 1355. The second close above 2512 and NDX 2121 will be very important, a major break will only be confirmed if these levels are held, so far in last few sessions we have not been able to have a secnd close above my levels, even SPM 1330, we closed on 1329.7 and than went up for a day to close down, experience tells me that two day close on major turnaround is a must. A break of these supports 1318 and 2475 will lead us to 1292 on SPm and 2360 on Comp. naturally such a break can be expected if numbers come out wildly out line and instead of one tightening we may see a coherent pattern across the board in price rises.Market needs to be traded within some supports and resistances anyone who has not learnt this will have to learn this discipline, I have over period of time and working hard to make it popular.