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

To: IQBAL LATIF who wrote (18998)	7/19/1998 1:45:00 PM
From: IQBAL LATIF	Respond to of 50167

off topic--Going long INTC TXN IBM- some thoughts on strategy and what lies in the market for we the optimists-- I knew perfectly well-- my posts and following news can be compared I was taking an opposite stance- so far we have done well but sprinkling of some money on puts should start effectively below 1130-- and even as low as 1118-- or composite 1923 or even if one wants to be too cautious as high as 1957 but why before- sthe slogan now, I will continue to be bullish unless fundamentals change or market outlook is different, so far 20 days MA is my first red flag and after that 50 and 200-- on break of 20 or even 13days MA, I will have enough protection that will help me to skin the shorts with best of my ability. I am recommending short on internet stocks but not IIX-- it is not a proxy of \|Yahoos and Amazons--look at the breakdown and don't waste your money on something that will not help-- I am looking for that 'bhumbo'111 in my coke's and ge's of techs- it is coming, it will be painful and dreadful like the one from 970 to 1130-- much as shorts like to break this market I will like to go where market takes me so far it is unfortunately for shorts look a little more pain--- may be wait for that 2050 my level on composite. Yes -the following were known and may be negativity/pessimism was well built in the market--- INTC/TXN long or any semi long like we did was untrendy and un-guru like but if this thread becomes extension of what Merill has to say or CNBC sommmersaults we better quit writng- These underlying news enveloping earnings confirm only one thing that we may once again reiterate that we are going to see a 'cup winnners cup final' rally this is again my own coinage--sometimes charts fail to see something disguised- detnews.com scmp.com techweb.com scmp.com detnews.com bi bi