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 (21515)	11/19/1998 2:33:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Thursday, Nov 19 1998 10:54AM ET Hello Ike, Instead of using ndx.x @ 1485 to initiate puts on ibm & index, I used your sp8z 1155 level (from the 'pits' on Tue after rate cut). As you said before, this rally will be better off if the market retraces back to the sp8z 1128 level before going back up. (MM make more money to take this market higher <ggg>) We may retest 1155+ again later today but I would expect a more serious pull back near the close to give the overseas market a 'bad feeling'. The overseas markets should then pull back and that will help towards a gap down open tomorrow in DOW, etc... We sell off most of FRI, puts premiums are higher and we feed off the Big Boys scraps <ggg>. If my hypothesis is completely invalid and we close tomorrow at all time highs then our long positions will be sitting pretty. I would love to see the Big Money Institutions pay big time on all the calls they wrote. Any increase in an equity and index will be transmitted to ALL the strike prices below. Most voodo chartist are on bullish signals, candles, weegee boards, astro whatever... perfect setting for this short but sweet bhumbo <ggg>. If I'm wrong, I'm wrong. The cost of the bet is small compare to the potential gain. I'll trade my puts on bounces during the morning and keep them in the afternoon. Let's see how the Boys script this expiration close. Regards,

To: IQBAL LATIF who wrote (21515)	11/19/1998 2:43:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

This following is a classic example of 'environment of terror' created by the 'voodoo artists and self styled prophets of doom', 'go short the market' and slogans ' of world is coming to an end' become slogans 'dime a dozen' take a great toll on investors who get trapped in short positions ---- shorting is worst enemy of an investor and so is gloom and doom and prediction of market going down, the prophets of doom are right now not even looking at the right indexes as market takes its revenge and move up with vengeanance---but environment of terror on SI leads to lot of such stories--I am so depressed on a day like today when I should have been happiest person around I am dejected and hope that people may learn from this an experience never short a stock and never think that world is going to come to an end.. Thursday, Nov 19 1998 12:53PM ET Ike, I got out today at the top --- (half of my position). Now my entire life is ruined. Now my net debt is close to ------ I do not know what to do now. My skill level is not that great and I have screwed up big time. I just pray to god that my wife would not leave me. Mine is a great example of what speculation does to a person. I did not learn from my ---- experience. It is so sad that you would not believe as what my plight is. I used up my kids' education money, my retirement savings and everything else. By US standards I am way below poverty line.