To: IQBAL LATIF who wrote (28362 ) 8/24/1999 4:22:00 AM From: IQBAL LATIF Read Replies (1) | Respond to
Recently technology contribution to GDP was being disucssed, the fact is 'development of a derivatives market and the entry of financial houses was that bandwidth prices were only going one way ? down.' some had an opinion that computers have not led to increased productivity and the numbers are a 'mirage' so was the cost of information technology some argued that it is going up and not down, whereas a telephone call from paris to New York in 1994 costed 15 francs for three minutes it is down to 3 francs, still that is something these people can argue about they cannot see the contribution of technolgy to productivity and GDP although they do watch that gasoline prices have gone up from 1.19$ to 1.51$, again it is the frame of mind on becoming an absolute ostrich, however what will govern this continued revolution is 'bandwidth'... the price of date transmission will just have one route it keeps going down.. Fox wire has a story those who promote this thinking are caught in cocoon of their own, like that non-sense that 'I shorted ,,,,, at 60$ and continued on to 200$ and made a decent return after two years of run, you just don't short a stock breaking new highs you get out of the way. It is not about 'intelectuallising' on markets, it is all about making money whichever side the market moves with a bias that is more in line with the direction of the market. Who is he trying to fool, I laugh my firends in the pits laugh this is no way trading to keep buying puts on a stock that is steadily risng, does this guy has unlimited access to the 'Bill Gates charity for self destructive mindsets'. Never believe them noone of it is true, it is all figment of mind I wish it could be like situation, makrets are about small intermittant levels when your levels break you buy puts and get out of them at supports or violation of resistance levels, you just don't get married to ideas, if they cannot even see the deflationary price impact of technology only God casn help them , right now my earnets desire would be to get out at a certain point and buy a lot of puts at the top of the market to make tons of monmey but I will wait like I said if I have '1365 broken twice' I don't like to stand in front of the train.
