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: Lee who wrote (22126)	12/26/1998 11:47:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

AMZN.COM Phenomenon dismal.com

To: Lee who wrote (22126)	12/26/1998 12:12:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Lee- I was looking at 50 days EMA of the composite and also trying to figure out the extent of the move forward for me I have two visible targets very clear now that my NDX 1750 lays in ashes I think 1350 is doable but I will be more interested in this 1880-1900 area on composite which is round about the 50 days EMA and has been a good resistance and a support during this bull move. I can clearly see a potential retracement to this area. My strategy would be to keep buying very near puts on SPH like Feb 1220's and selling 100-120 points like 1120's on March this is a put spread incorparating a calender spread as market moves higher I will get out of the short March put and let the long puts wait for a retracemnt, my cost of establishing a credible defensive strategy keeps lowering as market moves higher- one day the market will get tired and one of these days most of these defensive strategies will pay.. the worst side is that we don't see this retracement. My portfolio if market keeps moving higher will reach to new heights which will more than pay for the difference of money I will loose on early exit of short puts. This strategy has always worked for me - and I hope this will work this time too.. On long side I have some good positions to take advantage of AMZN type maniac rally- like 115 on LU and 130 on NOK.A also 140 on INTC but I am right now wasting my efforts on developing a credible defensive strategy, one of these days my 20 days MA and 50 days MA will call the baby back home and on one of these days I will be ready to go long when people will think that sky has broken I will keep the trading positions unemployed and have this run with my long calls and core..