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


To: JDinBaltimore who wrote (37454)3/23/2001 6:50:03 AM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
Yesterday I learnt two things new,, first contarary to my previous understanding that you have neutral in the bull market and waiting for hte entry at the bototm, you trade every day, that I did not know so far, your messages to me were unclear..

1. Now I can see where you come from, you have tkaen huge losses in the bull run, you had that 'short' frame of mind, now please tell me and educate me, how do you run your shorts.

2. On 3rd of Jan we had this rocket like move, that night i indicated that AG will cut rates over wekend I wnet long into hte weekend, you must have been short as you were short during the whole bull cycle, no reason not to be short at that eventful day when all supports were under attack, what i would like to know, short entails risk and leverage as you borrow the stock, how did you let your positions run for that 27% move of NAZ, are yuo trying ot tell me that you can run a short from say 11 $ RMBS to 30$ without any problem, I can understand running a long from 30 to 11 as 19 isl ost and we add at 11, but to run a borrowed position, you do get margin calls..thati so ne hting I would like to clear..

2. Second, how do you play yesterday, you were short all along, now we have this huge move, were you short the DOW or NAZ, if yuo were short NAZ honestly htem making of htis move was predicted by me, much before and I was on Monday, Tuesday, Wednesday pleasently surprised that my portfolio in the core was not giving away with relentless selling, I was long in my porfolio, adding stocks like FDRY EXTR NTAP ATML kLIC AMAT, but someone short needs to worry about closing the positions as either these are very well leveraged or you have been caught, can you now confirm that you wee caught on 3rd and yesterday surprisingly, like you keep hitting on my head with that end of the world scenes, I woudl ike to say, that all of you were predicting a meltdown of SOX, I was on the other sideo f hte trade, we got plus 12% and you still are making no loss, when market goes down I make a lot of options on futures puts, and make money that I use to average my holdings, yesterday was a day htat in 22 years I have seen rarely days like this.. but all is well with you guys, you were all neutral, you are all happy and instead of licking wounds and giving me a credit to call that 'end of the world' as a bluff, for you this is just one of these ordinary days, may be, but I have no clue what your risk profile is, how you guys trade, and what happens on days like htis, we here a consistent story to tell and when i confront you , i have told you that please confirm your facts before posting, I think on Paris and $ I was disappointed, like your previous posts on US Presidency, analysis needs to be level-headed, and I think that it needs to be fair too..It is may be a false rally but one that no one expected and one that it was coming on the cards.I will like you to explain as i do how do you manage your shorts, we like to do the same..



To: JDinBaltimore who wrote (37454)3/26/2001 4:54:35 AM
From: IQBAL LATIF  Respond to of 50167
 
JDin,, I think if we close above that 1155 and try to take out 1180 I would consider that to be very positive, even if that happens by Wednesday close. That will settle a lot of debate about the reliability of this rally!!



To: JDinBaltimore who wrote (37454)3/26/2001 4:59:21 AM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
Lets get it right, you said that Japan is going to go to dogs as the banking system will collapse, I said no that is not right, BOJ and FED are in bed. You got your bear moves which took and saw DOW intraday low of 9100, I played Japan on the long side on that dip you said this is going to go much lower, you were absolutely ...wrong, market had build in that 'crash scenrio' that night when I said Japan will rally..unfortunately for you that crash happened in form of a melt up, what do you think about this 22% move in a weeks time? remember what I told you that 'countries that have current account surplus in FX rarely go bust', ASEAN contagion the route cause was flight of the hot capital, in Japan 'hot capital' does not fly, it is owned by them, the whole idea that some floated and you susbscribe was that Japanese Banks will need to liquidate assets to provide support to their home base, but with 0%
rates, the last thing Japanese need is this. So far on Japan you have been totally out of sync very soon you will see that fundamental out look is changing, even O'Neill thinks the growth will be better than he anticipated..
...http://finance.yahoo.com/q?s=^N225&d=1ym

I wish like your predictions on Japan and its banking system have come true, we may see that your prediction on next leg of DOW may equally be so rewarding for all of us..If Japan holds above 14000 we have every reason to expect that BKX moves after its test of 735 to 875 level, that may help a DOW move to 9800 level..