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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (6077)	8/14/1997 11:44:00 AM
From: Mark	of 50167

Iqbal & Thread re: IBM - Do you still have your August calls? I didn't see that you disposed of them and am wondering what your outlook is for today & tomorrow. I still have 100,105,110 but the bulk are 100's so I won't suffer & may sell 105's against the 100's to soften the loss on the OTM contracts. What's your exit plan (provided you still hold contracts)? I can't see why we wouldn't have a rally before the weekend except for double witching friday. All the economic numbers look real good except that energy/gasoline prices increased but too late to be reflected in this month's PPI meaning next month will be a bit less glamorous. Even the dollar was up against the yen & dm. I'm continuing to buy Oct calls on IBM & other favorites at current prices which I don't think can go much lower. Am I crazy? Best regards, mark

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