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Politics : Idea Of The Day
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To: Brian Fukuba who wrote (17933)4/14/1998 11:17:00 PM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Bri -The other day I requested that watch out for 1810 break before buying any further puts after the big Kahunites fear-- I also thought we may see composite back up to 1855 and it looks like we are almost there. Nice to recap events.

As we sit where SEG is even up 4$ if DDX NWX and SOX starts moving remeber my prediction the 2 trillion beaten down and hated cap can surprise the markets. Sometime charts can be diffcult to interpret and henece should be seen in conjunction with ground realities.
Last night INTC SEG probably may help recovery of Techs I get a feeling from Taiwan where Techs are doing fine. My complicated sell of SOX 2 to 1 puts 2 short and 1 long in hindsight looks perfect I was insured for a bad number considering how long I was and on the other hand with market rallying expect to loose no money since premiums on 2 and a further strike will erode as fast as premiums on 280's-- I will rather cover long 280's above 301 and let the short position naked to run if SOX moves up.
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