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

To: IQBAL LATIF who wrote (28189)	8/14/1999 1:29:00 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 50167

I have been biting my tongue for months when I read some your posts but I just can not do so any more. You make some great calls and then at other times, especially on weekends you take credit for the market hitting some projections you make after over the course of the previous week you pretty much named every possible number above and below the ending price. Markets are tricky and we all change our views from time to time. Perma bulls get hurt and perma bears get hurt but when you think that those that consistantly short MU always lose you are sadly mistaken. I am aware that many make money during these bogus rallies in MU but you don't realize that those of us that short MU make even more and in a shorter amount of time. I use TA and dont stay short until the time is right and I have to tell you that I can sleep well at night when I have a put play spread across MU where as anyone going long that company should spend a week at my house just up the street from them and talk to the employees, lower and middle management of that farce. MU will never make money and I don't think there is a single person working there that really believes they ever will. MU's onl;y chance of ever making a penny will be when they force out all the other chip makers and then pleed to Congress that they can not be allowed to fail since they are the only US producer and Congress passes a subsody for DRAM. You are actually someone I do read regularly because you have a good grasp of TA, the makrets etc and as I said, we all change our views as the market dictates so there is no jab intended in that regard. I only have problems when you pick one of 30 targets then say I told you so and when you dog those of us that prefer shorts to longs. We all have our own trading styles that work best for us. This market is a bubble and there is no new paradigm. Longs make money and shorts make money. I am one of those that over time came to realize I make more betting against certain stocks than going long. SOme call bottoms better than tops and some of us can spot a top forming easier than a bottom. I can spot tops easier and stocks fall faster than they climb so I can make numerous plays in a short period of time while longs are tied up in a position waiting for the slow grind upwards. There are many signs this bounce may be for real but there are still a lot of signs that this could be a 3 day rally only to head back down in the middle of next week. Time will tell and hopefully we will both be on the correct side as it moves. Good Luck, Lee