Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (8407)	10/29/1997 12:39:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 94695

Iqbal, it strikes me that you are being a bit defensive about my posting to you. Please go back and look at what you posted to Bonnie--it had less to do with the ability to exits puts and more to do with yesterday's price action in the US and overseas -- which you felt represented a turn-around. All I was saying was that one day's price action does not decide a market. Now you said the very same thing to people on this thread when the market was declining from the 8000 level--and you were absolutely right. One day's action does not tell the story whether going up or going down. In a posting to me you said that I should be called "Tom the Inquisitior" as opposed to "Tom Trader". Quite frankly it is less to do with my being an inquisitor and more to do with my natural inclination to challenge assumptions and conclusions to determine what it is based on--whether market-related or not. I do this often to myself--in an introspective manner. Many people post on SI without any real basis for what their conclusions. One of the reasons that I follow your postings carefully, is that you are generally very logical and support your conclusions. Once in while I disagree with you like in the case of INTC. At other times I agree with you as in the case of the real impact on the profitability of US companies, of the problems in the ASEAN countries. >>I assure you that in a falling market is not about buying puts at the right time but also exiting at the right time and in my opinion that remains the only criterion<< Iqbal--whether in a rising market or a falling market or a stagnant market--the name of the game is optimal entry and exit out of positions. Makes no difference whether it is Bonnie exiting her puts or YOU AND I entering TXN on the long side and then seeing the stock slide 30% from its highs. Mohan posted to you yesterday evening that one cannot ignore the fact that most countries in SE Asia -- and Japan, Australia and New Zealand --made new lows for the year. This sort of price action is not a freak event. Like I said to you in my last posting -- given that you are a believer in letting the market tell us what to do and what positions to take---what is the US market telling us that we should do at this juncture. We saw a very sharp decline and then a strong rally yesterday. Do you interpret this as being the end of the decline or do you feel that it is too early to say? I am looking to assume long positions but am waiting for things to stabilize. I am not an "in and out trader" and when I trade, I prefer to take positions for the the medium term. Any guidance that you can offer would be appreciated.

To: IQBAL LATIF who wrote (8407)	10/30/1997 7:56:00 PM
From: Jumper	Read Replies (3) \| Respond to of 94695

IQ-Revolution Update -American Corporate Greed will not be televised. Because these Criminals own the networks. :) Short GE and stand up for the rights of the indivdual. In fact stay short the Dow and get a few of these turkeys at once. Enron, General Electric, and Bechtel in the spotlight as they hire goons in India to protect land they stole from local farmers. I wonder if in the next quarterly they will include photos of local women they beat and torture. amnesty-usa.org GE, we bring good things to within an inch of death for a buck. Don't leave out Reynolds & Shell in Nigeria. Shell goes the extra mile- they just hang you in the street or run a firing squad. I was in McDonalds the other day while on the road. (Not many options on the road) While looking at my 450 lb cashier I though about your comments of those beutiful, gorgeous, global markets. Time for UGLY to drop a few pounds, no? "Hamburger with NO meat" I said. All 50 chins wagging brought the reply "Eat your rain forest and don't complain!" A Happy Meal for whom I ask?