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

To: J.T. who wrote (25780)	4/28/1999 5:36:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

JT- Strange look at my previous post, when you must have been posting this letter I was writing a response to someone who touched my heart with a very honest question, he asked me 'Ike are we talking options here', I was so moved that here we have the simplest and the best of humans and here we are fighting on lost grounds a battle which has never seen a day where these short guys have ever told these simple ivestors '' man go long this is the trend'. On these perpetual short guys I think 'Public trust and reponsibility' is something not important, honesty of knowledge and fairness of approach is integral part of one postings on SI. One must be sure what one is writing, if not, better don't it may hurt someone, those who are left out because of over pesimistic views and those who short write to me horrible stories. I know one thing these guys never make any money they highlight fear and they get returns based on thsoe fears. When one writes, backtesting it is another self resposibility, why not to go back in last 30 days and test this is what we were doing like 'spurt' of buying puts'spree, they would never refer to their back posts to hard or hot to handle...ggg My experience tells me never underestimate htem arket breaking new highs this market is let it break the interim supports and sure do we will be big itme short catch the market from where it hurts the most... I agree with you that I think market will distribute but lets see a failure at 725 and let 1355 is taken out or 918 on BKX or 428 on RUt if we see these reversals and market stays below these points on two closing basis not one I will be short like a devil... I will start purchasing puts below 2575 on composite.. 1250's will do great multiplying but let the market show me that it has the balls to take out the supports.. Give the broken supports I will give you profits on the down side.. Best of regards JT