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

To: IQBAL LATIF who wrote (20925)	10/17/1998 10:15:00 AM
From: BubbaFred	Read Replies (1) \| Respond to of 50167

Great call and faith, Ike. I just stumbled back to this thread and read many of your posts. I am curious if any of your May, July, or August posts warned of the recent downdraft. Thanks.

To: IQBAL LATIF who wrote (20925)	10/22/1998 7:15:00 AM
From: IQBAL LATIF	Respond to of 50167

I have been highlighting NOK.A for quite some time, this stock appeared here first in mid or high 30's, it was one of my finest picks rather Ray got me into it we made good on it, when we hit 1320 I just got into NOKA like crazy although a day before that carnage I was anyway loading up on al these MSFT IBM GE, I was hut not seeing on my fundamentals the reasons of continuation of the sell off, the leveraged induced positions were being unravelled that led false alarms to people as bonds started falling instead of reading it right the bond break was first of all not noticed in its right context by the street and it was that unique signal I went into NOKA big way -- now I am informed that we will see a run upto 90's by mid Dec- for what it is worth and knowing I am sitting on huge leveraged profits buying from the bottom I will for accounts looking for quick pre-earning move like to see NOKA moving higher-- some trade on options can be nice.. even at these high levels 24$ higher from where I picked this stock on that 1320 day-- the markets rarely provide opportunities all my sins were possibly washed out for a great move on that day-- NOK.A a good play for some one who missed the bottom and like to play a little higher risk up-- Unfortunately charts show the worst at bottoms it is side events like bond break one can come out winner from these situations and now exactly a 1000 point higher and great move up nothing is better than academically looking back at last week posts of what was being predicted... I have moved my stop profit order now below 1037 after reassesing the move potential of composite and RUT from here, we can be lower on DOW but composite may be the place to keep focussed like BKX 720 and 1610 on composite are levels which will take me to short the market, everything else for me will be a noise I just don't trade on noise of pits they would move this thing up and down and I will based on confirming signals from my other indexes keep going long at dips and short at resistances, sometime after a huge 1000 plus move profits makes one complacent - right now I am going thru that phase where SPZ puts are not being sold naked, below 1000 the fun begins the volatality brings opportunity and now sitting out for my new positions to work..