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: IQBAL LATIF who wrote (20141)	9/7/1998 4:30:00 PM
From: flickerful	Respond to of 50167

iq....what is SNN? <eom>

To: IQBAL LATIF who wrote (20141)	9/7/1998 6:41:00 PM
From: the options strategist	Respond to of 50167

IQ can you please explain to me two things on a fundamental basis: 1. What is causing the metals and oils to be up now? 2. Is it that the weaker the dollar the better it is for the US market and if so, which sectors of the market? Thanks..

To: IQBAL LATIF who wrote (20141)	9/8/1998 3:43:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Lot of good news for the bears-- Malyasia has started sliding and Globex is down 2 points from being up 29 it is up 17 only fwiw--gg We are seeing for the first time Nikkei after a very long period trying to take out the 20 days MA I would think we are only going to see some stability above level of 15700 points which is a full 800 points from here, on Malaysia they had good run yesterday and today after being removed from MS index they are seeing a lot of selling pressure however other AREAs are doing fine, HSI if it stays up here will see a second close above a critical support-- The Europe has opened strong and FTSE was solidly up yesterday expected to maintain its strength- I would think it is all dependent on this 1015 area resistance r 1024=27 area if we take this out we go up to 1055 in no time, if we fail their we will be range bound between 910 and 990 for atleast a month, I will like to see 1015 taken out even a close above 1002 will be a positive sign for something to build on , sometime around Friday or early next week we will see 1030 area if things continue to stabilise, the big rally will not happen to 1055 area until third vote -- in one way we are well placed to have to cope with three set of news one about steady interest rates other about lower $ and third about political stability in Russia in diffferent trading sessions, with all the negativity built in I would even think that even likable character of Moscow Mayor nominated as Russian PM may spark a rally above 1024-27 area it is that area which is important-- I would think that we are right now in good shape but we need to move in short steps- First is to go long at 984-7 area, I doubt we may not see that after opening the range today would be 984 --1017 if it takes out 1017 all bets are off the momentum can tkae out the reistance at 20 days MA on or around 1027 area. I am extremely happy today, I had placed one of the most important bets of my career on the short side, I believed in my position and thought come what it may be I have to go into weekend with huge number of short puts I don't know waht the premiums will be like but they will certainly erode at 910 distance, naturally I will close out my short puts asap but will leave my 960 to run for a double profit prospects if it ever drifts down until expiry the cost of 960 will be a premium wasted and a trap laid for futre drift down. I will like to go for PSFT TLAB DO SLB CPQ today for profits I will see for that break very carefully I think we will see it coming in the late afternoon for a change we may see a rally instead of sell off--