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

To: thebeach who wrote (19621)	8/29/1998 8:37:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

The magic will start at 1600 8000 1000 and 350 - I hope you know what I mean, Russian stroy was already being discounted last night as $ lost value againt most of the European currecncies- our strong economic numbers start from 31st-- NAPM Chicago will probably set the tone, over the weekend reassurances from Russia will help the choppy markets, the war has not started and the big man in Kremlin incharge now is neither a vodka addict nor a anarchist, the markets like authority and that they will see a lot being exercised, the Japnese futures were trading at discount of 400 point at yesterday close I would think we will see a jump to 14000 anytime soon, the global signals on DAX CAC Nekkei show me test of critical supports, we went intraday to all the 200 days averages and moreover critical trend lines only to bounce up on DAX- the strength in DEM and FRF is enccouraging, the flight out of GBP is a key example of confidence being restored in Russia. However it is now all about internals of the markets bleeding profusely, no one is concentrating at interest rates decline and its affect on corporate profits neither anyone is concentrating that just last month we all were worried about strong economy, now the bonds have built a cut in their curve, the flattened curve anyway is great for the market, but even if it is ignored by Thursday we will see bonds softening even earlier as strong economic numbers spoil this bears party built on rumor mongering and fragmentation of Russia, the prophets of destruction after spreading all this gloom and doom will realise that the party cannot continue this SOX PSE MSH DDX RUT are sceraming buys, that is how this whole thing will unfold rotation of money in depressed sectors and as this rotation will be half way thru somewhere in Oct or Nov we will see that Fed will ease- giving a second push to the market higher-- I was just looking at this stock COMR how long 35+ % groeth for next 5 years will sell at 16 times P/E- come back next year remind me where it was. We are in the bottom of a very robust economy and if we miss this at the lows we will lok back at it as opportunity loss, I do anticpate a lot activity, TLAB is one of the stocks which props up on the rapid research data, note it carefully, I will look at NN also very carefully at the moment I spend my time doing the following- I am short 2 * 1 950's option against long S&P options at 1020 1010 1000. I am insured by the shorts they want to go higher they pay for me thru my short puts at 950 prem 11 and 1/2 $ they want go down I will get rid of the closest in the money put and increase my risk with more naked puts on the lower level- if it keeps going down I will maintain 20 of the 1000 against shorts at 950. A break below 970 if it happens which I doubt I will sell 2*1 900's and buy back naked 950's, somewhere it will bounce like a rocket or we will reach expiry- 18 hard days but lovely weather forcasts-- tended necks of shorts strecthed like a nylon wire-- they need to deliver and they are facing the bulls who device new ways and means to ride on them. Look at this trade of a long like myself by the way I have very high leverge but I operate like a hedge fund,on Thursday night-- Market closing at 936--my trades 930 puts short at 32 and change 1020 longs at 26 and change- 3 to 1 Now look at this trade again I am long my porfolio, but I am shorting puts near to the money and buying 3 times more puts further from the money-- the reason being if market opens higher I will loose all my prem paid on long puts but if market stays with in the range we leg out of the puts-- the market opens higher on Friday I get out of my 1030 on Friday morning at 26 left my longs at 1025 I covered my longs also- closing this strange trade-- but the reason I executed this trade was that I did not want to loose all my long premiums if market opens higher and go thru 1060---as far as efficient markets like this exist I assure you that longs will not suffer it is shorts paying for keeping this market under artifical doom and gloom, OK you want to stop the party pay for it the moment all this huge premiums disaapear the market will go where it belongs to higher...