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

To: Tim O. who wrote (29634)	11/9/1999 6:11:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

It will all depend how NDX Comp moves from here, like my target of NDX is 3000 that is good distance from where we sit now, however I know that like one should try to avoid to catch a falling knife it is always intelligent to get out of the way of 'bhumbo'. Never long the market making new lows and never short a market making new highs, the best strategy for protection of profits is that I keep 'buying of out of money puts' with 5% of move every day, in a climate like this you will always see your levels because you are paying diminished premiums as market makes new highs. I also keep shifitng the heavily in the money calls with out of money.. Intelligent traders make positions now like we do in case of test of supports for long calls on beaten down stocks. Just the reverse, it pays nice and big.. Specialist interest is considered to be good indicator of the market direction, for me it is strange that 53 peaks it had since 1995 indicating bearishness we kept on moving higher, is the indicator becoming contrarian like genral short interest ,, just a question..