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

To: James C. Mc Gowan who wrote (24351)	3/16/1999 12:52:00 PM
From: hjz	Respond to of 50167

Chance to buy NSOL is now. NSOL has taken it's midday dip and is now trading 20 points lower than the high for the day. If anyone missed the opportunity to buy, now is the time before the run up at the end of the day. HJ

To: James C. Mc Gowan who wrote (24351)	3/16/1999 8:03:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I heard him talk, I thought he was talking about his call, I was boarding the plane out of Kuwait, but what I remember is that his secular bear market ended on 10th Oct, according to him he had changed his stance on 10th Oct to a longish view, that I think his statement bit steep, on SPH if you really look the market never really made the two year low on 8th Oct 98 like it did for NDX and composite, the opportunitywas to go long at that 1310 level on composite, he may have joined the band wagon at around 1780 level where Jerry favors threw in the towel. I thought his statements were kind of defensive and bit steep to substantiate. It is only by locking horns with these characters and knowing them better I improve my skills, this magic like yesterday's 2015 call to go long on NDX and today's 1323 is the kind of stuff we produce every day and this is best read on daily basis on the market, we defy distance and geography and we do it with skill and confidence. A cyclical bear market for 45 days does not make sense to me, it was fear that ruled the market, I had written amidst that gloom that something is out there I cannot quantify and that was the role of hedge funds and LTCM. If one may define the leveraged unravelling as start of a bear market, I think he was off the tangent, he could have highlighted the problem like I did and than gone long straight without involving change in fundamentals, he changes his stance quite a few time and for me is difficult to follow, those who went out on his bear call, paid Uncle Sam huge capital gains and could not have broken even until SPH would be down 35%, that really never happened. We played that correction within our levels, but we picked up the bottom right and we maintained that basic picture has not changed so no need of exiting, our people stayed put all thru that dip and came up stronger as we really went long at that 1310 level. We are all minuted here, his is fabrication to sell his 'guruship'. I will challenge him to time his calls. His Feb 99 view was only a correction, I will like to see if he really changed his stance on 10th Oct? Can you help! I have no problem to let him know my position and I would like to see if he really was able to take his clients out en bloc on his 'great bear call' and get them in when market roared back, therewas not much in it the market came back up very fast my 1130 was tested when most of the gurus were still short. Up like a rocket, I know half of these gurus were looking for that 1780/1130 and not before that they thought they have missed the train. The one guy I met in Kuwait yesterday, lost his entire position on his call never really went back into the market, they were all waiting for that big one to 4800, yes it came, but in opposite direction, a melt up,on the upside '10000 DOW' we saw it and it was real pleasure, a vote of confidence by the markets to the greatest economy of the world the United States of America..