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Politics : Idea Of The Day

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To: Jerry Olson who wrote (31109)4/12/2000 4:31:00 AM
From: IQBAL LATIF  Read Replies (4) of 50167
 
OJ... The trade for me on indivivual stocks today would be long QCOM, NOK ERICY VOD options with a stop loss at 5% of the price where you enter or break of 3940.. we can revisit the 200 days MA if we break that support not the first time but if we test it come back up and drift down again, however I think BRCM BRCD JNPR JDSU ITWO ARBA all deserve a trailing hard look as they break these new lows of last two sessions.

On banking C looks good AAPL above 122 a long trade and below 117 a short trade to 107$.. Japan handled the NAZ break very nice and it is rather at three years high close that throws my theory of SFTBF financial worries on back of falling Yhoo and spreading swaps in tail spin,if my observations were on line I should have seen some damge in SFTBF that did not happen and it leads me to think that IIX may be spared another test of below 520 may be 520 but we may hold that..

Now DOW 11260 is printed and tkaen out I think we have to have another close up here to validate the move..

On drugs WLA looks in a break out above 1085/8 and MRK LLY PHA does offer some good possibility.

Like SOX and IIX that provided momentum to this huge market move we need new stories and new indexes to take the burden of IIX and SOX to take market cap higher for that BKX looks to me the most suitable index alongwith DRGS and wireless communications, b to b models like I have highlighted can help to and Yahoo may recover alongwith QCOM, MOT in my opinion above 129 is a buy.. but my single best idea is 60 calls for NOK..for say July.. The stocks have been hit hard and in my opinion I will trade options and keep a tight stop loss at 3940 second dip or 3875 first break to get out and re establish at 3600 say al of the above positions..but it would take a herculean effort and lot of close concentration but isn't market is all about this?
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