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

To: Cynic 2005 who wrote (13723)	11/7/1997 6:24:00 PM
From: Tom Trader	Read Replies (3) \| Respond to of 50167

Hi Mohan re >>The way the shorts are being bled to death is unbelievable I agree with your comments whole-heartedly regarding what this market has done to the longs--I invariably respect Iqbal's analysis but I think that he is sadly lacking in objectivity when he makes such a comment. Almost every sector that the people on this thread love to trade -- with the exception of the oils---are down. Some sectors--the dds and semis are not just down but are devastated-- so I am at a loss to see how the shorts are bleeding to death if the longs are suffering. Besides we know that there are individuals who have posted on this thread about the losses they have experienced during this down-turn. I am long to the tune of about 30% in my trading account and I know how much it is down. I also know that if I had been short all that I am currently long--I'd be smiling, like a Cheshire cat right now. Fortunately, I am hedged somewhat---and I am so glad that I liquidated most of what I have into strength in the June/July period. I am short the S&P futures finally--and for all I know this market may rally starting next week--in which case I have no doubt that I'll be long the futures at some point. So my comments above are not so much an attempt to offer a view regarding the market outlook--since I wrong as often as I am right, as far as that is concerned--but for anyone to say that this down-turn is penalizing the shorts, is not looking at the same information that I am. If I have taken Iqbal's comments out of context, I apologize. BTW, this is the second time that we have agreed in two consecutive days -- and if you are not careful your carefully nurtured reputation among the Kahunaites will be jeopardized:) Regards

To: Cynic 2005 who wrote (13723)	11/7/1997 6:57:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 50167

Hello Mohan I have been reading your posts for awhile now...I know you've been in the bearish camp... I can certainly appreciate anyone's concerns for others, i will remind you that never in the history of these markets have so many people become so wealthy... In the true scheme of things, since the 87 lows of 1700, I was there<g>, and lived to play another day :>}...we have come along way to the top, over 6600 points.. It has not been straight up, but it has been up!!!! As the masses began to understand the stock market is a wealth builder, they began in earnest to invest their hard earn dollars for the future...And well they should... Here we are at a place in history, of extended posterity, happy in our work and lives, and preparing for our future retirment, by investing in the stock market...It works Mohan, people are learning they can and should endure the dips, and yes even buy the dips, and sleep safely at night knowing full well, that the companys they have put their money in are going to be fine... Some will need time to recover, others are just as strong as they can be at this point in time...But in the end we are going higher, my friend... Remmeber Mohan, for all the people that bought at the highs, many more have bought at the lows in April, and last year & the year before, intheir 401K's and pension funds and mutual funds and IRA's etc...They will stay the course and continue to invest...Good for them..And good for us... There is a place in this crazy world for all who partake..To help others, to offer opinions, it's a great forum to vent ideas and thoughts...Yours are just as important as mine and Ike's... IMO, the state of this countries fundamentals are better today than ever in history...Those that are impoverished are begining to see the light..It's great to be alive today to witness this wonderful event.. The Markets will endure for ever, and Mohan, so will we..... My Best to you, Jerry

To: Cynic 2005 who wrote (13723)	11/7/1997 7:58:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 50167

"Whatever happened to the people who bought AMAT at 50, Lam Research at 60, KLIC at 55, Ascend in the mid 50's, Western Digital at 50, Seagate ato 50, Applied Magnetics at 35, Sun Micro at 50, Xilinx at 55, Altera at 60, KO at 70, Motorola at 90, and many more. Even if some people bought those at 10% below the prices I said, they must be deeply in the red by now." I hope they learned to sell 10% losses and learned a lesson. If they didn't they have themselves to blame.

To: Cynic 2005 who wrote (13723)	11/8/1997 5:02:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Mohan- I think you have considerably changed your stance and you are not any more a proponent of big K- that is good enough- I think not many people out on SI talk about market direction on day in day out basis- yesterday the timing of your red alert message was strange however I still strongly believed that this market will not break on the down side we stood by our conviction and although all the charts were looking ugly I posted that this market will not go down- my conviction came from my fundamental read of the market- to apply macro knowledge in markets is the name of the game today and as far as we remain focussed to the result I am a happy soul- as far as shorts bleeding is concerned on opening I sold some puts 900 someone paid me 29$ yesterday I traded and closed those puts twice once in the morning on rebound and once later (audit available with SB- NYggg) when it briefly touched 916.5 someone must be paying for all those rich premiums which just eroded within a day- markets are not about right or wrong I think it is about ' rational view' and how one perceives it- You very rightly question people who purchased Semis at very high cost but I will ask you a very simple question I don't think being short for last six months also is a very exhilarating experience? That in my opinion does have some cost consequences. You think these markets are going down may be but have you ever calculated the cost of being short from April to say Oct. Last 30 days have shown me that the shorts have to pay a much dearer price it is not cheap and it is really painful. Markets have their own justice and playing markets is about being long or short but one thing remains it all boils down to bottom line and I think longs will do better in these markets then shorts.