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

To: Stoctrash who wrote (37519)	3/26/2001 8:20:48 PM
From: TWICK	Read Replies (2) \| Respond to of 50167

IKE, and all... I've been confused many times on SI in general about bullish views, then to find out that those same posters did not clarify that their bets are hedged with puts, or shorts. Another beef I have is that these same posters are not clear about their current views and calls. Is it a short-term bottom ? Is this a trading type bottom that is only good until something changes within the next few hours or days ? You guys need to be clearer about what you call a bottom and what you call a rally. Set up the stage better. Give us some guidelines. Calling a bottom after every major tank is mostly a technical observation, not so much fundamental. I thought that this was a thread based on fundamental type analysis. This is very frustrating and confusing. Twick

To: Stoctrash who wrote (37519)	3/27/2001 5:31:26 AM
From: IQBAL LATIF	Respond to of 50167

<<IKE keeps trying to grab the falling knives. >> If you call JPM AXP GE MO as falling knives only time will tell you, last year some made fun of me when I bought Brk.a at lows, also MO and I bought 500 calls 35 strike for 2.60 March 2001, JDin is wrong when he say NAZ 5000 was my call, rather NAZ 5000 I was highlighting the divergence with 200 days MA, I got out of half in Dec made purchases from that money in tech sector got bruised ran the other half with brka and got out of them on expiry, 13$ each for 250 calls, made purchases of stocks like IRF NTAP ARBA CSCO TXN , you call them falling knives I call them best opportunities. now either I am using my money straight or I am a fool but on stocks like DOW stocks I am again into big trades like long calls on major stocks. I thought DOW 9108 as a good bottom with SPX 1080, on the way up it was a major resistance we had fallen back several times.. On CWP or we call it CW.L I had this opinion on Wedneday last and now a company with 5 billion £ in cash and great 'real estate in communication' was my call, on Sunday they sold one asset for handosme moeny, I had it for 9£ and tripled the position at 4.31£ with lot of long call contracts at strike 5. I am in the money within four days, now I like the way I keep my money, falling knives are thoughts of disaster hitting the mankind and foolish statements like 'end of Japan' and' end of France' or 'end of $ 'where all these were spins to make one self happy. I have rarely discussed my positions, however one thing I have 'learned' (thanks Joe sixer) in life that time is the biggest enemy in the markets, make your trades with time on your side, I mix the two and time is on my side even when we are at lows, I don't see my statements every night once in while that is OK and that gives me ability to trade at best of my potential without a need of charging pittance and making a 'fool' of my whole philanthrophy, that is one reason 'Ideas' has maintained its cerdibility, that is one reason even people who have left us long, read me religously and that is not because I write good because I write straight and with no hidden agendas.. I am a straight person and have always considered my abilities as below average.. I share and I listen but 'falling knives are the heaps of puts that are soon going to go to waste, stocks never.. my TXN NOK is down but my ability ot average NOK or TXN or MOT is my best earning..I love my world class stocks and i don't think that we have listened last of SUNW or ADBE or even MLNM..at 24..

To: Stoctrash who wrote (37519)	3/27/2001 5:31:44 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I think we need this 1155 resistance to be taken out for an assualt to 1180, on downside 1142 is the support, we can test it otday if we have a poor confidence number we can move between two easy...

To: Stoctrash who wrote (37519)	3/27/2001 6:05:48 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Fiction....<<fact is the ECON is CRAP and going to get much worse and IKE keeps trying to grab the falling knives. I wanna hear him talk about selling that rally rather than looking for the next bottom.>> Fact as of fourth week March..<<In a rare bit of good news on the retail front, robust sales at J.C. Penney's (JCP:NYSE - news) department stores in the fourth week of March boosted the company's sales in that division above plans for the month. Most of the nation's retailers report monthly sales on the first Thursday of each month; they are a key barometer of the health of the consumer sector. At Bentonville, Ark.-based Wal-Mart (WMT:NYSE - news), the nation's largest retailer, same-store sales last week were on plan for a 3% to 5% rise for the month. Electronics and beauty aids were among the categories that did particularly well. Sales were strongest in the West. Shares were recently up 75 cents at $48.32. The company had planned for a low single-digit decline in same-store sales, which track sales in shops open at least a year, for its core department store business. But because of the strong fourth week of the month, the company now says it will report positive comparable-store sales for March. >> This is the kind of self styled fiction that I negate, I feel that one should base his or her analysis on facts not fiction even I am wrong I am guided by the facts..