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

To: Suma who wrote (24564)	3/23/1999 1:36:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I was tipped on USF at 24$, for someone like me it was an alright deal as far as shareholders are concerned but I will like to see some days before I unlock my money from USF, may be a better bidder appears. All said this bid has helped the price from lows to now nearly your entry cost, give what market takes you, atleast you are not losing much. I would like to see market testing this 2000 on NDX-- rather 2003 area and 2370 on composite, if we do not hold their we go lower totest that 1263 area on June contract, for me a move higher has to be consolidated at its base and I don't like a huge gap, if you really look at the market this weakening of NDX cannot be ignored this has been a maker help to bring the market to these levels, if it gives up no way S&P can stay only on basis of internets, if you take out this DOT move we had a pretty ugly day yesterday. I also think that Wiltshire index did not sell indicating that a .56% sell in Wiltshire was far less severe than 1.59% drop in NDX, shows that stocks like AXP, AOL, F, JPM saved this sector. We had these reports that mo ney flow in these stocks is on rise and that stabilise along with internets steep selling of the market. I have very lightly nd quietly re-established myself MER 95 calls for May just be prepared for that merger of MER with JPM... All my stocks are looking good from where I left them but I have not initiated the out of money calls. I will wait for SOX to have now a doulbe close over 382 and BKX above 888 area.. We are traders on day in day out basis for me to define the finest moves in the market with accuracy is a challenge, so I would advise that if you want to get in I would like first of all my resistance on various indices to be broken on upside, it is just plain foolish for me to keep initiating fresh positions without taking my prifits in. Market driven events like proposed merger are issues one should not ignore but otherwise it is always good to get in at supports, I see a big gap on SPC and I also see if NDX tests the 50 days MA no reason for SPC not to test its 50 days MA at 1251, quote.yahoo.com^SPX&d=3mm market is seeing Dell softer, INTC softer that speaks a lot about internal strength of the market.For me my key stocks need to be rock solid for my story to continue if my core is eroding I would like to see over all market filling in the gap and that is the reason I have raised this issue of Wiltshire 5000 so vehemantly, market is a fluid stuff we need to keep changing the indices, we read the market and keep providing for the political and economic events globally. Once bird's eye view is in place we will be alright, suppose if Serbians are attacked Europe will be sold hard and $ will strengthen, strong $ will help US assets but selling of Europe and a prolonged spectre of Russian slavs itching to go in to help their Slavs brothers creates a strong reason of 'strategic analysis' whose impact on broad market only a fool can overlook. To evaluate, one needs to work hard, keep his approach open and let the mind wander,I like my thread to be 'analytical' and 'original' in its analysis. I do read a lot and select a little for my co-threaders, all of this over number of years will make us all rich if not materially atleast 'analytically'. I ignore most of exotic stuff like NH/NL but if my core stocks start faltering I need to be careful. If this market needs to go higher I am watching the most important indice that is Wiltshire 5000, if I see that NDX keep falling in excess of Wilshire Index it will give me an early signal that I need to go long at supports the peripherals are attracting attention. I am sure with these readings I will be able to get in my positions at the right time, if DTX RUT and Wiltshire gives up with same proportion as S&P we are in much bigger correction, so keep your gaurds at all time highs, we have seen a great run we have been a part of it and like always I am raisng the red flag although I firmly believe in market looking to go higher AFTER test of supports, we did test 2025 on NDX and when called for thi correction NDX was around 2093 so already I have been doing alright by taking out my long calls, but the art would be to pick the bottom that I will not miss as I have come out on the top you will see I will re-enter with surgical precision, my indices will rarely cheat me if these indices keep breaking I will wait if the turn around I have some levels I will not ignore and those levels I have posted all along. So keep a close watch and see where do you see this drying up or gaining of momentum of selling, market is a two way street it has to go up and down and we cannot ignore it, for me right now it is great to observe this move but I am still picking the choice like MER F C and JPM. If BKX breaks 855 I will like to sell BKX calls 920 to make for the premium I am putting here, I will hedged as if market moves up I have this long positions on most attractive sector of the economy which is attrcting the highest money flows according to Laslo Biryani,,, fwiw... For liking my posts on global side, it is important to have a full service thread, I am not a great investor outside my limited universe stocks,beyond the common home names of the NOK.A's SNE's ALA's my international exposure is little, but these stocks keep me quite busy and therefore I am totally blind as far as momentum stocks are concerned. I try my best to learn and give my advice, but the slow mind I have cannot keep pace with these lot of four letter names. However, I am trying to learn, and try to take a position on some I think can crack higher others more exotic, I enjoy the moves of shooting charts. This is after all my hobby. I am a born bull, I enjoy it much more these rising streaks as my 'money is still not in it' and I still prefer my conservative universe of stocks .. Ike