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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (32374)	8/3/2000 7:07:52 PM
From: zainrehanzack	Read Replies (1) of 50167

<<INTC 61.70-61.90 is a good support, a long trade on 65 calls with minimum six months time frame can be initiated if we see these levels expecting SOX to hold the test of 200 days and Comp rebound from the lower level of the gap, the stop loss would be 35% erosion of the premium the trigger of the trade would be around 3540 on Comp considering INTc is now at 62 plus and that one $ drop may take SOX as well as Comp lower.. just a trade you can look at.. >> I went for the trade. Instead of options I purchased INTC at 62 1/4 and got out of those shares towards last closing minutes. Good trade. The low of INTC was a $ lower from your support, the Comp tested 3521, 19 points lower from your Comp point of 3540. I want to ask you dad, how could you relate the levels of INTC with Comp potential rebound. How could you think of SOX 200 days MA would hold when market futures were down big? How did you evaluate that INTC will be around 61.70 and Comp will trade at or about 3540? Thank you for a good tip. Zack

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