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

To: robnhood who wrote (24640)	3/23/1999 10:19:00 PM
From: Roebear	Respond to of 50167

Whoa, First OJ on the MDA thread, now Stinky Sphinky on the idea thread. My, my, we are crossdressing tonight<VBG>!!

To: robnhood who wrote (24640)	3/23/1999 10:22:00 PM
From: Death Sphincter	Respond to of 50167

must be time to rub that magic lamp....the Genie will appear, with a GLUE BONG in his hand Smell Those

To: robnhood who wrote (24640)	3/23/1999 11:10:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

My dear dear Russel- <<I have been selling nearly all my heavily in the monies on Friday since DOW was unable to stay above 10,000, although I will not short until 2047 is taken out on NDX for a play to 1900 low on NDX. >> as always is the case I was first one out.. You may have missed my clarion call...But thanks for your gang to have the guts to show up, tell these 'dirty' guys, like I have ridden this move up I am all the way enjoying this hectic market, screwing bears is a fun I never wait and that exactly I have been doing. I initiate puts at 2092 NDX not like yours 1780 initiated puts, the one's you bought for 10$ worth none until Friday, may now have gained a premium of 1$, congratulations for that long waity....gggg Monday, Mar 22 1999 4:36AM ET Reply # of 24645 Karim Allana-- Thanks for posting your observations, I think we may be entering in a phase of where economy may be slowing down after a good run, although I would like to see some evidence in economic releases over next few weeks! If it so would be more positive for the market in long run although initially NDX will be hardest hit but a slow down has lesser ramifications than rising inflation, that is going to be the scourage of the market, if it ever rises its ugly head. Probably in S&P 500 the stocks with P/E multiples in excess of 45 are nearly 50, I would like my exposure in these stocks to be reduced by lifting most of my heavily in the monies by out of the money calls, I will only replace out of the monies above 2109 double close on NDX. I have been selling nearly all my heavily in the monies on Friday since DOW was unable to stay above 10,000, although I will not short until 2047 is taken out on NDX for a play to 1900 low on NDX. I would like to think that if NDX weakens the other 450 stocks in S&P 500 with multiples of 20 will provide some help to the market. I will now be watching Wiltshire 5000 index and RUT a break of 388 on RUT will be negative as it will signal a broad move down. What happens to SOX at 372 is important for me and a test of 855 on BKX should hold. If we take this 372 out on two closing basis on SOX and break of 855 we have a perfect setting for a retracement. On SOX 330 will be in the offing and 830 on BKX is possible, I see that market likes to create some values pre-earnings and the only way to do it is to make some room in hi-fliers, I have decided to take the money off the table and replace the calls only if I have double close above 2110 on NDX or DOW rocket to 10,140 and stay up there for two days. I have closed all my puts in strength and have lifted my deep in the monies, I have made a decision to play the long side with big leverage but only with the out of the money calls at stake, I am also thinking if we close today below 2045 or 1292 on June contact, I will like to sell some covered calls to protect my core also, moreover I will on break of 1292 on June contract (a single close a must) buy some 1230 puts.. I was not happy with this DOW inability to close above 10000 and I would now like to see that filling of 1051 gap on SP99H.. I will only change my stance if I have this 2110 on NDX taken out.. Little cautious with most of the profit from that trading move from 1218 on to 1330 off the table, I am out of bullish stance and will wait for the direction, if my 2050 support is out I am quite sure we go lower and hence I am going to see to it that this move if it comes does not come without me.. I have enjoyed this run up immensely. May be I am out of some of my positions like MER AOL TXN SUNW a little early but the it is always good to take profits of the table, my father advised me you never go bust taking profits, right now that is exactly what I am doing, leaving the party a little early, but will heavily play on upside through indexes as they are easier to lift in case of move against you.. On highs I don't let my ego stand in front of the market, I will rather leave to let others enjoy the big move..