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

To: Logain Ablar who wrote (15789)	12/19/1997 5:22:00 PM
From: Riskmgmt	Read Replies (1) \| Respond to of 50167

Tim, thanks for the reply regarding Ike. I think it is more the former (Mountains) than the latter. The differences between Ike and TT were all resolved and Ike has been posting after that. I think that what makes this thread so rich is that we all have different points of view, ideas and experience. I like you am not comfortable with the index puts and such (and it has cost me too) but with more exposure and imput we can add that to our tool bag. I hope that Ike is OK-lucky you getting invited to his penthouse in one of my favorite cities. Good luck, Ray

To: Logain Ablar who wrote (15789)	12/20/1997 12:23:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

Good morning Tim--don't believe that I have chatted with you before I appreciate your generally balanced posting regarding the disagreement that I had with Iqbal. I saw your posting yesterday and have been in two minds as to whether to respond to one particular statement that is inaccurate--in part because I am not looking to re-surface things again. I decided to do so this morning only because you seem to be a reasonable person and I would not want you to misunderstand the essence of how this started. >>When Tom questioned Ike's call (on Japan I believe) and wanted him to admit he was wrong Ike became defensive........... Many on the thread wanted Ike's opinion and direction, myself included and we overlooked any wrong calls. I personally don't like to rub someones nose in it when its pretty obvious<< I did not question Iqbal's incorrect call re Japan, nor that he was wrong on his calls on the US market and specific stocks. I would NEVER put down some one who has the courage to make a call and then it turns out wrong. It would not even matter to me if a person chose to maintain silence after making a wrong call for the very reasons that you mentioned, namely that it is difficult for most people to concede that they were wrong--ego, Darwin, etc. The ONLY thing that I questioned was Iqbal's repeated assertations that the bear's were the ones who were "bleeding" as a result of the recent decline -- I questioned that because it is one thing to not want to admit that one is wrong or maintain silence regarding a wrong call--but it is a whole different thing to be wrong and then to insist that the ones who were, in fact, right all along, were the ones who got hurt. Just for the record, I had positions in some of the very same stocks that Iqbal recommended and got hammered -- so I don't claim any particular insight in terms of what happened -- but I certainly would not present to the world that I was right when I was wrong. More recently--after the fracas-- Iqbal did the very same thing regarding Asia -- when during a rally he said that the bears are getting hurt--this time in the Asian markets. On this occasion, Mohan took him to task on this -- and chided him for his apparent tendency to "disconnect" with reality. If Mohan had not done so, I would have, for sure--whether or not it caused another fracas. >>Tom and others did miss some of Ike's admissions as well as Ikes respect and admission about Mohan and the Kahuna thread<< Actually Tim--I read EVERY posting on the Ideas and TSO threads -- at least skim through them. However, as Ray said both Iqbal and I have put this behind us--and I would not even have brought it up again, had it not been for your posting. I think that Iqbal has some talents that I seek to "exploit" --for example he has a remarkable command over macro-economic issues --which I don't. I still watch his support and resistance levels because they seem to hold up well. I don't pay any attention to his view on the outlook for the markets because IMO he is not able to be objective and I don't bother with his individual trades because his buy and sell points change after he has posted them -- I am not questioning his crediblity as much as saying that unless I know that he is going to follow-through for sure on a trade based on his trigger points, it becomes rather meaningless. As far as his life-style is concerned, it is a matter of irrelevance to me how well or how modestly he lives. I am glad for him that he is able to enjoy a good standard of living. But what we are interested in is ways to make money in the markets and any one who has strategies or ideas to accomplish this are worth listening to---whether they live in a pent-house apartment in Champs de Elysee or live the life of a hermit like Ted Kasczyinski. I hope that this posting does not come across the wrong way -- between my style of writing and communicating through cyber-space, sometimes what one says does not come across the way it is intended to do so. Have a good week end