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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (30361)	1/6/2000 12:42:00 PM
From: James C. Mc Gowan	Read Replies (1) of 50167

Good Day IKE: re-reading your post regarding the BKX at 2 year support level; what do you think of buying some OTM Calls on the BKX. I was looking at February 750's, but I would appreciate your advice, as I know you like to go out further with the OTM's, assuming(my assumption/hope) that you also believe that the Banks can move up from here, even with the Fed February meeting looming. Seems that a 1/2 point increase is already factored in; maybe the oversold BKX is worth a try? Thanks as always for your levels. Regards, James

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