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 (20210)	9/8/1998 9:04:00 PM
From: saulmon	Read Replies (1) \| Respond to of 50167

Iqbal, what type of movement do you expect to see in COMS in the next week as earnings approaches?? Also do you have an opinion on the short term performance of internets, particularly Infoseek?? With much respect. Saulmon

To: IQBAL LATIF who wrote (20210)	9/9/1998 2:51:00 AM
From: IQBAL LATIF	Respond to of 50167

Forget about 1027 yesterday, it was in my opinion not an extraordinary event,it was the buying on the dips and charting the future- you just don't get it better than this! Solid returns in less than 7 trading sessions- I am looking back and enjoying throughly---we got above 1600 on composite 1000 on S&P 8000 on DOW 500 on OEX 210 on SOX 300- all these levels highlighted on 1st Sept--- the only place where these interconnections were observed and global moves were predicted! To: +Options Jerry (19638 ) From: +IQBAL LATIF Tuesday, Sep 1 1998 2:33AM ET Reply # of 20215 What was happening behind the scenes--Why was Druckenmiller selling so were all the hedge funds were they not suppose to be long DOW-- no read on-- my feel is fwiw only-- If anyone has a problem in buying a stock at these levels like CSCO INTC MSFT IBM CA COMS TXN, a more riskier strategy to own these stocks cxould be to sell like 45 puts of TXN or even lower and buy 50 calls but you should only sell number of puts which you can get delivery off. I would think it is good to start with a position on DDX 110 calls Dec or 210 SOX calls Dec-- BKX also looks good, but sometime I have made my best money on extremely sold off worth less markets, I am big time short at 1010 but what I care is that this market does not belong to here.Just put very little but do average a little here don't wait for signals to emerge. You can also after buying the stock sell some covered calls like 15% out.The calls premiums are extremely high. Never start buying on opening let the market settle, also watch out for this TA thing to recover today if you need to be too conservative.., it does not look good as far as TA goes the only thing to recover some damage would be to see our 500 1600 1000 8000 back-- however the world is not going to crash and consumption is not going to be affected if amrket recovers some grounds here, which I expect it to do, it had to be Nikkei break tonight that was the presumption that we broke thru the 998 level on our way down it was being rumored that peg could be taken out the hedge funds came in big time like Druckenmiller who was long DOW sold big time according to unconfirmed rumros he saw his chance to get the peg where some of thme are big time short-- it is not about the economy it also not about slowdown it is about Funds who are in a mess in HSI, they are after the peg, they gave the cue no one came to short HK big time as Nikkei held up well, my two cents worth..These guys need to cover and cover big time.. This is what is behind the scenes.. Next Previous \| Previous \| Next \| Respond \| View 3 replies to this message