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Politics : Idea Of The Day

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To: Jeff Jordan who wrote (28961)	9/23/1999 3:54:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

Very steep decline as 1313 on SPZ was taken out,with a major sell programme.. I think it looks a bad close on NDX below 2500 DOT inability to hold to yesterday gains now back to yesterday opening levels and a steep sell off in SOX, overall a thoroughly negative day only BATTERED INDEXES LIKE BKX and DJT saved from ruthless sell OR SEVERITY OF TECHS SELLING , I will cover my puts triggered at 1310 break, rather I would cover 15 minutes after the close, I will take my chance on yesterday opening..P>S floor tells me to keep the long puts..this has broken new low but my trade is to still cover 70% and leave only remaining 30% overnight....

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