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

To: IQBAL LATIF who wrote (20865)	10/10/1998 1:03:00 PM
From: Terrence Von Holidae	Read Replies (2) \| Respond to of 50167

Dell's common will retreat to $24-$26 within the next several weeks. Ultimately, the common will intra-day trade below $20 before November '98 is out. Once the common forms a technical bottom of a convincing nature, it will again prove profitable for accumulation. During the next 12 months, gold and precious metals mining companies will offer the greatest return. I shall offer no explanation for the above, but let the events unfold for the untutored that they shall not easily forget what they have been taught. T.V.H.

To: IQBAL LATIF who wrote (20865)	10/12/1998 3:11:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

On ASEA and bonds I was ahead of curve but my fundamental reasoining that $ weakeness will help us is intact and proven right-- SEG is my new trade biggest benfeactor of US $ weakeness like IBM and INTC and MSFT--- With ASEA showing promise and weaker $ helping developing markets and Japan trading higher, we had a single close below 13000 only once in this draft down as today we are higher all eyes are fixed on Europe. Like every other time we on one hand forecasted the break with levels of 1498 and 600 on composite and BKX we were also the one to report the turn around by looking at bonds-- once again making a point that when it looks the bleakest may be that is time to pull the trigger. Since inception of this thread I have always tried to forecast situations and comment on issues which are causing major moves and I have tried to highlight various trades I execute, like short bond trade was greatest opportunity and similarly longing calls on break with a hedge on downside was another classic example of forecasting a major move without complicating the readers with non-scientfic self satyled theories..now when bond was selling off and no one on SI related it to a major opportunity up clearly indicated to me once again that charts and TA alone never helps, one gets badly whipsawed if on one hand it is important to short on the other we should know when to leg out. I just don't understand how do perpetual shorts can take this piercing bhumbo time and time again, I wrote that my bhumbo has dipped to get proper grease and will come back up with vehemence that is exactly how it happened-- I think that market is poised for a move higher as bonds are now without that 'blind buying' by the hedge funds- it will be now that a strong employment report will affect the bond markets as supporting factors have all vanished it will be now that artificial jacking of Yen will be unsustainable as hedge funds have a bloodied nose.. The script was straight to sell Yen go long $, as Yen keep strengthening forcing the Chinese to threats of breaking the peg this resulted in global meltdown of markets and further strengthening of US $ as $ becomes currency of last refuge.. WSJ and other short term journalists were the willing tools who objected fiercely when Hong Kong money authorities served a full blooodied blow by stopping the double trouble trades of shorting the currency and shorting the markets under name of free market economy.. This thread remained on track highlighting the artificiality of this whole bond move remained short the bond and just hours before the break highlighted this coming break- I look back and look at my various posts interlinking the Chinese peg and Yen strength and my forecasts that I have never seen something like this.. it was a long wait but a sweet revenge--- I think I need to recollect all this for two reasons one that 'voodoo forecasting is greatest pleasureable maturbation in cyber space' however perpetual doom and gloom never makes money, second buying Dell at 44 and Nokia at 60 is a pleasure which only a buyer can share, the voodoooists are short wil remain short and since they have no idea what is moving they get whipsawed 'day in day out.'. it was not that the global system that was breaking down it was the amount of leverage which was destroying the balance of markets.. if they would have gotten the peg they would unwounded successfully the Yen /$ trade at 155- 165 level and would also have drained Hong Kong of its valuable reserves... free market economy does not mean the developing nations be subjected to hyped up selling without macro-economic convergence-- no peg in this world can survive if convergence of macro economic fundamentals is not achieved..hence this thread maintained its policy of supporting HK decision to intervene in the market big time as to stop out the shorts.. let the shorts move in now and try to make money as HK comes back up roaring- I have been highlighting that one after the other uncertainities are being removed, Rusia was mother of all problems as specter of nukes was raised by the self styled pundits and shorts of SI-- I have only one message that we skinned you, with 300,000 $ made from short trades I am holding long calls worth 5 times and I got this money from shorting -- I will rather give up all of it but will ride this Nokias MSfts \|Dells-- The bhumbo is coming and ready to go up--- my bhumbo is an enemy of voodoo artists and ice cream selling shorts...

To: IQBAL LATIF who wrote (20865)	10/17/1998 9:05:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Oct 10-- aiming for 1575 when everyone else was looking to 1100 on composite-- enjoying the rationalisation and flow of thoughts as I read the market future from the depths of selling--- To: +Frank Griffin (20865 ) From: +IQBAL LATIF Saturday, Oct 10 1998 5:18AM ET Reply # of 20925 Thanks--- we try our best to bring what is happening behind the scenes, we have been sometime a little earlier like short bond trades but definitely we see our levels in this bond case it was with little pain but payoff was equally great..-- 135 was looking unsustainable on bonds and once bonds broke we knew that selling in equity markets cannot be sustained it was at 935 level we were buying NOKIAS \DELLS PFE, now that said we also bought some before break of 1498 expecting that support to hold it was not to be but as I look back at my strategy I find it classic piece of exectuions- on break of 1498 and 600 I bought a spread 950 900 - got out of the one leg that is the long long put at worst possible time. I was looking at bonds and I was realising that Yen strength and bond weakeness is showing me that unwinding of long bond trades and yen /$ trades is towards the end whereas a common person was worried about all this readers of my thread were getting minute to minute behind the scenes trades and levels-- it was this that we got out of the long puts and added huge positions in NOKIA DELL MSFT PFE SUNW CSCO at lows-- now for yesterday I predicted 1460 and 600 on Composite and Banking to be to be taken out and that is how things unfolded-- I made money on the way down . positioned myself on the way up averaged down my earlier longs and now sititng on a great week performance all this from 8000 miles away-- I cannot be more thankful-- to SI and my friends here who have helped me become a good trader as I write my plans before execution and this helps me to overcome first don't of trading never second guess your own strategy-- I am now out of my short puts and sitting to device a new strategy to see composite moving up to 1575 level-- I will like I said earlier dismiss the 1320 test as a false break since we did close above 1460 the lows of Oct on next day and we did not have two closes below old lows--- 10/9/98 3:45 pm... CIYSTEMS (CSCO 49-3/4) UP 3-1/8, A.G. EDWARDS UPGRADES TO BUY FROM ACCUMULATE... Analyst Peter Andrew tells salesforce recent significant weakness in CSCO has created compelling buying opportunity... Says factors related to general slowdown in telecom capital spending, reflected by ALCATEL and NORTHERN TELECOM, should not be applied to CISCO as its emphasis is in the data market, which is not slowing down... Notes Internet still growing rapidly, cos. enjoying tremendous gains in productivity by becoming more network-centric... Sees $1.44 FY 99 (July) EPS, $1.72 FY 00... 60 target./J.Holloway I love this stock--- CSCO at these levels---