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Politics : Idea Of The Day

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To: James C. Mc Gowan who wrote (21333)	11/11/1998 5:39:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

I think IIX has been singularly highlighted in many of posts- I wish I can be more forthcoming on that- I try to buy these puts when the game is in full swing and hence I am little early but get an excellent entry as premiums were far less when I started looking at it-- from looks of things yesterday and even today it looked a por idea but in worked however I would think a break of 418 would take us to 375 area the test of 50 days EMA-- I would look at my portfolio if it is 50,000 and I have seen a 10000 appreciation I will use 1000 of it towards buying some puts in stocks and indexes I feel most vulnerable, for me IIX and TBR since last three days were candidates, unfortunately I have not been able to understand the IIX stocks and would be out of their way but will like to take use of them if market corrects, today composite gave way to presures emanating from internets but notice NDX remained steady and with tech rally you would see that we are getting the correction in the right direction that is the overheated non performing momentum part of market, that is for me a healthy sign of all the correction I was able to highlight this a bit early although I don't think it is yest underway, on SOX once 275 was to be taken out I promised a big rally that what we got, my thread specialises nich within market moves within moves as such our NDX and SOX PSE DDX strategy is paying out it was my very initial posts after 1320 test that this is going to be a rally where DOW may underperform the sectors which has been lagging I think we are seeing unfoldment and we think that TXN INTC IBM DELL moves today must have made many a people happy ofcourse the momentum guys are upset but the market needed this down turn very badly-- I wish I knew it more precisely -- any way we have been not standing in front of the moving stock we are neither crushed nor lifted up but overall I liked the movement today-- although 1130 has been taken out for momentum stocks to be taken out this was a minor sacrifice we did get our big move where we wanted the most and NDX>X remians robust as ever... The selection of put is your choice but these will certainly pay off in due course give some time to these puts.. yes they are expensive but IIX may not be the right mix why not individual stocks if we were not a part of the melt up may be melt down on IIX stocks will do us some good.. I am any given time buyer of SPZ options I kee adding as I see account moving this is I have write off against my aggressive playing style.. and leverage..I would think some one mini would give 100,000 a good protection the problem is my forecast it is not selling of DOW but slow gradual move and fast move of RUT and NDX or composite--so it was because of this I made specific area recommendation.. I will buy a lot of puts below 1771 on composite and a break of 1830 to start with right now I would be case specific..these are not market specific protection techniques..

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