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.

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

To: Dom B. who wrote (14894)	11/21/1997 1:51:00 AM
From: IQBAL LATIF	Respond to of 50167

Dom B- I assure you that SOX is something which I have learn to relate with overall market with great precision. I made one great erroe pn the way down for which I will never forgive myself reduced weightage of SOX although I kept posting the break of supports I should have been more emphatic post 345 break, my posts were mainly concerned with S&P options where 30% reduction in SOX was not anyway represented. This is not going to happen again- I have been watching like a hawk the movements of S&P and although it was difficult to be more precise I did try to give levels which in my opinion were sitting ducks. I hope we all will benefit from our new focus, I appreciate reduction of 'noise' as 'thread' becomes more focussed on issues of markets, we will come out of it intact. 'Shorting ' at a right level is an art and if there is need to be short like before we will be, however last week my configurations were explosive and so were my morning and other commments. The real game starts here! The question s have bears thrown in the towel? It was this pain I have always referred to market is basically meant to be long you just cannot survive in this market by staying shorts- e.g. suppose in 4 sessions one contract of 880 puts S&P options has lost 17$ in value, if you are short TXN because that is what the charts were telling 104 is not a sustainable level, will the shorts throw in the towel in my opinion it is matter of formality- unfortunately fundamentals of thses markets are just too strong and if you get involved with minor worries of some earning slowdown -you will miss the big picture the big picture tells me 53 $ for 98 earnings is that type of earnings build in the market- the answer is no.AMAT earnings today will serve the 'coup de grace'. Lets hope things may continue to evolve the way we want.