To: JDinBaltimore who wrote (37306 ) 3/17/2001 10:00:06 PM From: IQBAL LATIF Read Replies (1) | Respond to of 50167 <<! I now see from this thread that the Shock is wearing off, now reality is setting in, and is combining with this bizzar attempt to rationalize. So I will go away for a while, and lurk, and see how we are rationalized back to 5000! Just think 1 year ago 5000! now 1900!!, and the fact!?.... is... WE still have lower TO GO! >> I think to accuse me to be long at 5000 is unkindest of cut, I hate to go back but please do look back at 5000 what I was doing!! please go back and reproduce the classiest posts I have in Jan- Mar 2000 on Divergence between 200 days MA and NAZ as NAZ flew past 5000 all these posts are from Ike to Ike, no one use to visit the Idea on those days as NAZ was the darling of everyone, also read what I was buying at those levels. I don't rationalise, I have a certain style of analysing the markets, I think we are not in a recession, I think that economic slow down is highly exaggerated, I think that short selling of hedge funds is responsible alongwith recession of profits in technology and that has hurt out core portfolios, I try to protect my declining worth with my levels not from 1328 but 1450 level, to make me a target of ridicule and anger in incomprehensible, every day as if my 'bullishness'is the only curse facing the market someone comes and wants to show me the true light. The 'options on futures' and protection they accord are the most sophisticated and most rewarding in momentum and fear driven 'down markets and up markets' like Friday, I like some of these stocks, like Cohen I have a optimisitic view of the market, you can easily co-exist with your pessimism and rather I appreicate your views as they counter the bullish stance of the host quite a bit..but can't a very wrong view (like the 'big kahuna' existed since 1996 all through the bull run) co -exist with puritan bearish views like that of yours.. I have been proven wrong so far, but I am not going to make a fool of myself by deserting my present strategy to keep averaging with money that I make on the short side every day. This extreme pressure and irrational attitude by a person who claims to have no open interest in the stock market is little surprising, the role here are I think kind of mixed it is me who has so much to loose who should be 'pissed' with my long positions, instead of pontification and sermonising look at my reason and logic, valuations have killed this markets, a lot more is said to be soon unravelled by the bears, for me I think the money I will make is on the long side I try to see that my average comes lower to below 2500 on NAZ right now it is at 2800 plus, I am right now making and collecting the stocks I like and I will keep collecting these trophies, it is your choice, is anyone else on the SI such a big fool like me, no. I don't think so, I have seen your great calls from Oct, you always were short but never participated, I am long I am losing but happy with myself and my positions, market is all about stronger hands and weaker hands, weaker hands have to give in.. I assure you of my highest considerations, I respect your views however, you cannot force me to change because I have been 'temporarily' wrong, what counts is the long run, on that count I doubt you will ever post when I will be on my levels you will go on your three monthly sabbatical coming out on a day when I am wrong, have a good day and let me do what I do the best like Abby Cohen..I am preapring for that last battle of the bears and i am trying my best to make the best of it..