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

To: steve susko who wrote (21444)	11/16/1998 5:18:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Steve-- you after my auditors who go thru my recommendations closely and match them with my account are my greatest admirer gggggg, I think you are referring to this post even I liked this a lot= exchange2000.com I assure you that this is hopefully going to be a permanent feature of this thread 'day in day out', that is what I try to achieve. We try to read the markets with an unbiased view and try to interpolate our readings on market direction.. Consistency levels of any thread are simple barometer of judging the long term performance in my opinion 'IDEA' is too young on investment forums to make a mark,that is five years after inception i.e. not before 2002 we will be reckon as a force on predicting market direction if this excellent record continues.This is my objective long term consistency- shocking consistency which even my fiercest critics may come to admire without that the record is just not good enough, it is the appreciation from our critics in their own heart and admiration of our techniques we yearn for, this a tall order but I work hard on reaching and crossing this mark... Other than the thread, I have for my ownself has a barrier for a 'so called self styled guru' I think I would be 'morally' unqualified to ''administer advice'' or write on market direction if as a 'short or long' my five year track record of performance of a minimum of +30% year on year is not justified, this is just to be 'morally' able to give advice on market direction- a self limiting barrier( although this year we may do thrice the level we have imposed on our ownself) -I feel if my own account stinks I don't have to let others go thru similar bitter experience, I am lucky so far I can chirp if market is up or down, I have been with the market something has been going for me and that is the yardstick which has so far keep me going that happiness that performance and that clear jump over the moral obstacle. I feel that 'hyping and misguiding as prophets of bulls and doom' belong to the class of 'pumpers and dumpers' the hypers are pumpers and doomers are dumpers.. for me someone who posts without his money on line in form of advice on market direction and predicts a huge disaster should question and look at his own performance, on this one self examination 95% of the self styled gurus will disappear and we will have a more conducive bull- bear atmosphere. Fly by night and habit forming predictions would have had tough day today but anyway who cares if the market is up 500 on composite, the puts which were supposedly bought were never bought it was like always an experience in theoritical market movements. Like wise for a thread to be consistent and be truly appreciated it needs a minimum of 5 years of track record, based on these tough berriers we are trying to overcome these self created hurdles, lets talk in next three years time if this record continues and if it is not a fluke we can say we did something good otherwise so far it is just a small foot note what matters in investment business is track record, IDEA is far short of that huge barrier I think it needs to cross before it is seriously taken as a mark and voice of permanance.