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Politics : Idea Of The Day

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To: saulmon who wrote (21679)	11/30/1998 2:34:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

I will get out of Dec contracts and move my money forward out of the money contracts only if we have a second close above 1615 today on composites NDX and composite continue to stay above 2000 today- I think it is important as I have repeating that profitable positions can be taken off the table and let risk be reduced by buying out of the monies far out calls I will rather wait full three days before re-entering that is also something my mother told me never be in hurry tocatch a moving train if you have not caught it when it was stationary let it come to a halt right now too many are trying to get on the rushing train the real time for all these were 1320 'ifone cannot depart with his money at that level one is not suited ofr these markets' however that given you should be selective now you must be making a good return on COMS as I have seen you asking me about this from quite a low level-- get out of it if 1615 is taken out even intra-day you may be worried about intra day take over annoucement buy 50's March spend some small amount.. ALA and COMS came very sold and very nice from 17 and 22-- let them move up in my opinion ALA will be a great play going forward..

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