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

To: TWICK who wrote (37520)	3/27/2001 1:40:49 AM
From: JDinBaltimore	Read Replies (2) \| Respond to of 50167

It's called Market spin Twick, a lot of these posters are better at it than Chris Mathews, and Rush Limbaugh,as they spin the rhetoric of the evil liberal democrats, into the I told ya' we should do it this way view of the always right conservative republicans. Dosen't matter what the outcome is is they'll always have just the correct amount of spin to be correct. "I've been bullish on NAZ since 5000 I'm a bull's bull... made so much money being a bull on naz since 5000, I've just about managed to average down all my positions to ZERO, and when the NAZ goes to 10,000 next month I'll make even more money! -ggg-

To: TWICK who wrote (37520)	3/27/2001 5:13:14 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Twick that is very unfair remark, you have missed my several posts where I have called this as V shaped recovery not a double L, have made several posts that any $ spent on the market needs 10-15 cents on protection, have been propenent of the levels that I have talked about, from 1450 onwards I have been highlighting the supports, now even on Friday, Thursday I was writing my levels, naturally when one makes one side bets like many did and were so negative on the market, we here did the opposite, now I have to carry my 'bull cross' all my life on my shoulder, as I am not suppose to make money in a fast market, I think we need to rethink, the 'bears' just do not have the power of sustained move against them, this whole bitterness today is indicative of things gone sour so fast and we have not even taken out this 1155 or 1180.. A 'LONG IS LONG' he has the holding power a short cannot, even a holder of long puts gets into problems as premiums disappear real quick. Taking pain is one ability, making right calls at worst of the time second,all said and done that is how market activity is precisely capped. I think on self reflection I do a good job for myself, albeit a faulty one as I have a bullish incline, but overall I have maintained a line that is not dependent on short term issues rather bigger issues. In last few months I have been discssing here the problems of economy,that I don't see the way most on the street think they see, now what is my fault if the market recognises that belatedly, if we don't get involved in the big whipsaws that makes so much of bitterness visible. If that makes you happy that I have loss a lot of money, than I am sorry that is not the case I am looking for 700 points on NASDAQ to breakeven as of 2000 Jan, not 2001 and that is due to my every day activity here. When every one else was selling on that day I bought 100 calls each of GE Axp JPM MO, I posted that trade amidst carnage, the call premiums were down big instead of buying puts at 1084 level where put premiums were huge I highlighted that support and call for a long trade ''now the time to buy puts at 1080 is wrong it is the time to buy calls''. I have lock on these stocks until Sept or some Oct 2001, and I think I paid between 2.80-3.80 for 40's and 45's.. this is what I do that is how I bring my costs lower.. no magic only identifying a support and reversing the trade..what else do you think my every day posts are all about?