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

To: The Perfect Hedge who wrote (20948)	10/19/1998 2:21:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Not yest but I have plans to build a nest of puts as we move forward some stocks are on my list, I never short a stock I buy puts and if I feel too strongly about some stocks I may sell a out of money 10% or 15% naked call and buy a put atleast in this case I have that 15% cushion if I am wrong, Japan is moving in the right direction, the hedge funds ability to deal painful blows to ASEAN currencies is all but over, in this low-interest environment where threats of levelraged assaults is partly over we may see Japan finally opening up and encouraging demand, the problems of overcapacity may see some answers as exports from ASEA to Japan may increase, Europe of today is quite diffeent from Europe of last two years we see quite a reivval here too. Low interest rate environment and good earnings have stiffled the perpetual bears, the people who have been sparringly long since the day we know them take jibes at people who have been realist in the markets, painting a gloomy picture and that too without full understanding of the affects of leverage is fataly wrong, it is state of mind the get skewed when someone in middle of carnage like last thursday calls for a decline to 4000 instead of buying some Citigroup at 28 or Dell at 41 or Noka at 58-- I think markets are made to make money if these gyrations are not adding to ones bottom lines one should go back to the drawing board and rethink strategy, it all boils down to only one thing did your trade materislise in the direction of the trend otherwise debates can continue on to perpeuity. Only one own self can be fair judge of this debate, the guy who belongs to the opposite camp reading my words will have that feeling of bungling it up again when he sees his loads of puts stinking in his backyard, these gurus need a jolt and I tell you that market gives them everyday. Absence of leverage in exotic markets will now leave US market exposed to forays of greed and I expect that SPZ the biggest gambling den and most speculative market will see increased activities as punters losing all what they could in foolish trades will now descend on US markets to make quick buck, I smell oppportunity to skin these shorts again, and I assure you that like Sept 98 Oct 97 July 96 I will not leave them, such is a resolve of the guys in the pits, were earnings not to be the reason to take bottom out of these markets, was HK peg, Russian insurgency and nukes on streets of Moscow not highlighted by these Gurus as coming destructrion of the world, were not these same guys projecting inability of Fed to cut rates and were not these same guys not highlighting that INTC will be 28 -- yes I will short INTC but at 105 not 65, the way to play the markets is to look for market leaders, look for industry leaders and look at turn arounds, even internets don't stand in way of trend, the only way is keep your profits 10% everytime earmarked on buying puts I do it all the time, good days in markets are good entry points for hedging like 1080 area or 1678 area failure can lead us back to 1030 so why not to work around that level if we fail their, but if we go thru it 1130 is our target, Wednesday morning opening may see 1680 taken out or 1130 tested if these tow days of earnings like IBM TXN MSFT ASND beat the markets, however I will like some protection on downside if one of these may fail- it is going to be a market earnings oriented, lets wait for this big next 48 hours I will be long big time going into numbers and will establish 950- 1130 straddle with a calender spread if things go terribly wrong with the market leaders.. market has instruments to protect instead of making crap remarks on destruction of the world I would like to use these instruments to make money both ways this is what I have learned from my long experience..keep your core intact don't get involved with exotic stuff- on the way down play aggressively with the trend when DOW is back up to 8400 you find that account looking great as your positions come back and the short trades were pure profit.. along side you also picked huge profits from Citigroup MER GE NOka and others, that is how I trade and that is how I make money..