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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28078)	8/11/1999 9:02:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 50167

IQBAL, Another wonderful post, I enjoy reading them all... as far as the permabear goes, they say there's nothing more bearish than a sold out bull, someone who has missed the bull market altogether... something like the sour grapes syndrome..... My Best Regards Always. GZ

To: IQBAL LATIF who wrote (28078)	8/11/1999 9:19:00 AM
From: IQBAL LATIF	Respond to of 50167

I think above 592 to 525 good visisbility on DOT..and today's recommendation.. Keep an eye on shares of eBay, as it appears that the consolidation has begun. Action over the past couple of days has been somewhat encouraging. Even after Friday's negative news, stock managed to move higher. Shares closed right at its downtrend line, which has been a problem for the stock the past several weeks. A close through this level would improve the technical picture somewhat and would project a target of $106-$107. Keep an eye on shares of CMGI, which are trying to form a base at its 200-day moving average from which a relief rally could be launched. CMGI traded below this level today on an intra-day basis, but the stock made a nice recovery by the end and closed above its 200-day moving average. This increases the odds of further rebound in coming days. A rebound to low $80s is likely on a near-term basis. Keep an eye on shares of AOL, which acted very well today. After being down several points on an intra-day basis, stock made a strong recovery by the end. More importantly, shares closed right at its 200-day moving average. This area provided support to AOL on each of the past few sessions. Based on the action at this level, it appears that AOL could launch a technical rebound, which would relieve some of the oversold situation. On any rebound, initial resistance would be around $91-$92 and then at $105. Today's action in selected Internet stocks might indicate that those stocks might have reached a near-term bottom. They might provide some trading rally. trading-ideas.com ----------------------------------------------------------------------- Visit trading-ideas.com for much more. If you like the info at Trading-Ideas.com, we'd appreciate if you tell a friend or email this to a friend. Thank you very much for your support. Royal Moinuddin,

To: IQBAL LATIF who wrote (28078)	8/11/1999 1:58:00 PM
From: Roebear	Read Replies (2) \| Respond to of 50167

Ike, Great post and one that brought up a thesis (I'll call it the Ike's Ford thesis gggg) that I believe hits the nail on the head for support of oil prices at these levels or a bit higher. The DOW/NDX/SOX bulls can get along in the same pasture as the XOI/OXS bulls without anybody having to gore anyone, at least to a reasonable oil price extent, $18-25, lets say. Yes indeedy, the rest of the world needs some Oil $$$ to buy US latest new stuff! I excerpted your post and posted on Strictly Drilling thread along with URL. Hope you don't mind. Best Regards, Roebear

To: IQBAL LATIF who wrote (28078)	8/11/1999 2:04:00 PM
From: Mao II	Respond to of 50167

Mr. Latif: Terrific post. Thanks. M2

To: IQBAL LATIF who wrote (28078)	8/11/1999 2:29:00 PM
From: Lee	Read Replies (1) \| Respond to of 50167

Hi Ike,..Re:. markets don't fall on back of strong economies and in new economy these leading companies are not industrial giants they are agents of 'price deflation'. Excellent point Ike. You said a lot in those few words. <g> You're right about a little inflation too. The opposite is much worse. About US debt, maybe they will succeed in retiring debt, but it is really alarming to hear the Democrats and Republicans scrambling to see who can spend the most of the current budget surplus! <g> So, even though, retiring the debt is doable and appealing, unless we have strong leaders like Rubin and Greenspan, it seems like a fond wish right now. <g> (maybe will start looking at some Dec bond calls <g>) Best, Lee

To: IQBAL LATIF who wrote (28078)	8/13/1999 3:28:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Bhumboo promised bhumboo delivered.. it is difficult.. inwake of big crash but now get it nice and fine..Two posts-- before this number..CSCO earnings will give a 'bhumboo' not too big as the 'bear who was antithesis of Goliath and has just turned into hush puppy bull' does not like sharp upticks I have arranged for softer version to that barking dog and his cohorts. CSCO earnings is going to give one for beginning my bhmboree has not done her work so far but the combo of the two is dedicated for that ' bear changed to diaper bull', these bunch of fly by nighters who will disappear soon as market after testing supports rallies would please to learn. that. the catstrophe in Paris never really came, nastrodamus hopefully will be buried for posterity and so will be the forecasts of his dime a dozen followers on this SI.. We are still alive and kicking so would the markets hopefully. If these guys think that anytime market takes a breather is a sequel to death of the market, it is clear indication that they have no experience or idea of markets, they say that we are trying to portect the ivestors one of them in last five years have been forecasting the 'death of this market upteeneth thousand time', they should be read as a 'joke nothing more nothing less'. Learning Ike style of inter- realtional indexes and shamelessly copying my levels would not lead one to predict forecasts, with levels you also needs an open mind and a free mind, a mind not encapsulated in dogma and end of world scenerio, a mind that does not carry stigma of self-righteousness and puritanical approach, a born again market prophet can only think within a tunnel and market needs a visionary a broad spectrum mind a wider horizon that is what makes a good trader. These bears and bulls and clan of 50 will get this one on the chin.. the marekt will test its supports and progress on.. in my opinion this destructive state and rumor monegering is state of mind. I hope they get a happy pill 'prozac' to appreciate beauty of life and markets. These kids on the block and their old MU INTC MOT fame gurus, can kep lamenting why these stocks don't come to earth? The stocks will belong to where they belong that is up, the put on MU INTC HWP will become a worthless junk like their thousands of other puts so far have. They don't understand one small thing markets don't fall on back of strong economies and in new economy these leading companies are not industrial giants they are agents of 'price deflation'. In rising oil prices lies the nirvana as we need lot of 'oil money petro $'s' and a little bit of inflation to be spent and recycled to pay our debts back by emerging markets and sell our softwares and networking gear to the new riches of the world.With chances of falling US debt we need new clusters of economic growth where exports potential exists, sometime US economy anchors the world this time global growth with slower growth of US economy wil help the next move for the markets from 2000 onwards. Remember what Ford use to say if we don't have enough income for our workers who is going to buy my cars? Little rising prices and strong economy little bit of inflation like 3.5% will do magic, ofcourse in the meantime we will hit 1130 as news trickle in but the time these guys were short they wanted the market at 5000 now atleast they are looking at 9500, so all of them are converts to my '8000 is steal of the century' slogan, someone who had used my post as a 'joke' has now removed that clarion call from his profile.. he had added after my quotation '8000 steal of the century' -if you are short, now that is gone but these guys are now looking for a 15% correction that will only take me to 9600.. However none of them have the decency to explain why did their charts missed the move of market from 550 on SPU to 1400? On that they are all quiet.. this CSCO earnings will not help them either.. Intenets above 503 is a buy and I expect them to hit 575 again... I thin we made a higher bototm yesterday as we tested the lows on DOT... my stop loss would be 545//Message #28078 from IQBAL LATIF at Aug 11 1999 8:53AM Wednesday, Aug 11 1999 9:53AM ET Reply # of 28188 Why day trading is getting a bad name? Why do bears dance on their tail when we see a drop of 1000 points whereas they keep mum when market moves from 5000 to 11500..?? Because of cemented minds frozen in time and space. This post dedicated to the bears who were short at 8000 looking for 5000 and than were short from 8th Oct 98 until 11500, looking for that huge biggie. As we hit the new highs at 1430 on S&P they looked for that 1000 whereas at 870 on 8th Oct98 these guys thought market is expensive even at 550. Consistency is the name of the game, I have seen each one of them they lack sense of duty these bears, on most important days they will be absent, when market turned North from 8000 to 11500 they were mum but a drop of 1000 points will make them dance on their tails. Funny isnt it? They will disappear when market moves the other way. They will act as friends but have sharp knifes to stab in, they will not even have the decency to keep quiet, they bite the same hand which taught them the initial read. Once you are in public posting business you are suppose to fulfill certain trust obligations that is a public duty towards your friends and followers not to leave them in middle high and dry. Ditching thread is like ditching people leaving emotional vaccum, this in my opinion is worst kind of attitude, it reflects that the purpose is to gain cheap publicity. Public trust is to maintain consistency those who do not have consistency to post have no business to write. Actually they hate my guts.. my sense of duty to my thread it will live with or without anyone, second my ability to write and give due importance to my thread like my baby because I care for few who read it regularly and take great pride in it. They keep appearing one after the other in disguise from same nests, this antithesis Goliath of a bull ( ACTUALLY a hush puppy I wear every day) who had major sex change operation from a bear HAS lost his sense of balance with the operation, I call him (Bulldiaper) like the other who sits on high pedestal and from time I remember calls for MU INTC short still is in great touch , his call at SOX 180 was short and 530 was short. One ditched three threads already and have now buried another site, lost of interest, this is their consistency and attachment to work. Ditching their followers as half baked logic disappears in thin air as they have nothing to sell. When market took a set back this guy after four month of short had a buy signal on day before IBM MSFT earnings where I shorted the market, now naturally with his call caught between his legs he ditched the site and the thread, very becoming of him. What ails them, I know they are 'intellectual masturbators' they come to this SI like coffee shop, they get bored after sometime when they find their tail caught between their hind legs, they would than disappear some will appear again after burying a thread ,others would change aliases and some more will say here I come I was learning the new Puritanism, but none has an ounce of trading skills or any decency not to leave their threads in lurch. The ?commitment issue? is alien stuff it is not about the call issue, ditching thread like diapers and their aliases like non-entities tell me only of one thing they have no confidence every time a new personality to hide the foolish posts of the past or new pastures so that old excrements may be hidden. They are bunch that I call 'the greater union of you pat my back I pat yours and all of them have one den and ?similar end of world? serial killer profile. Some of these puritans when one of them make a wrong call end up in kind of drama we saw in Atlanta, the guy who are always short want the market to come their way if it will not they will give it the best shot albeit with a loaded automatic. The approach has to betake what market gives you the market is supreme and your thinking is subservient to the direction of the market.