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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (28247)	8/17/1999 7:29:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

<< I think this 1334 is a level where one can buy some long calls for Sept 1360 worth 19 and get out of them if 1320 is taken out, however my feel is that will after this test of 1328ish max may be 1334 is the bottom interday would like to take it higher to 1362 area in next session or two,>> Message #28247 from IQBAL LATIF at Aug 17 1999 11:37AM Tuesday, Aug 17 1999 11:47AM ET Reply # of 28252 <<The info I have they ran some stops , always higher opening results in down to unchange I would think that they would like that target 1358 to be tested beofre they get short big time... say plus minus four points to 1362.. I am long at this support 1334 area SPU (THIS WAS OVERHEAD RESISTANCE ON 11TH 12TH) and would cut my option below 1320...>> Prediction went alright I think we saw 1332 as the bottom and we moved up quite nicely to close at 1348 on the way up we took out the 1342 resistance.. BKX since that friday rally is doing fine,, Overall a good day.. I have decided to move the exit stop higher to 1332.. I did not see a short in the day and my simple analysis gave me a buy, that I did, with forward looking statments emerging from AMAT I would think that although it may trade a little lower we may see our targets met in SOX,..

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