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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 39.50-1.2%Nov 3 3:59 PM EST

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To: B Hamilton who wrote (45)6/19/1997 8:31:00 AM
From: IQBAL LATIF   of 201
 
Techs today- what I think will be the right course to make some money:

Subject: "IDEA OF THE DAY"-Trading in&out for profits.

To: +George Mc Geary (926 )
From: +IQBAL LATIF Jun 19 1997 8:24AM EST
Reply #928 of 928

George I am still long this thing will meet numbers. I don't trade in panic on a down day yesterday I sold some SOXx puts since I believed that this opening selling will be covered later. Never sell on the opening and don't react to overnight bad news you will always do well, atleast it does no harm.

I intend to run this position and will get out of it to reestablish at lower level if I get indication from my bellweather soxx as far as soxx remains above 302, i am alright, but I will exit big way and reenter if weakness persist, that reentry wil be around 285 soxx, I think today is an important day, we are done with windind up of triple witching yesterday now comes the real test.

I think market should be up, I will be surprise if I have to work on my short strategy. I want to go to swimming today with my kids and in Paris afternoon would like some peaceful orderly market, anyway my mobile is with me and I will watch with interest today proceedings.

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