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Politics : Idea Of The Day

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To: contax who wrote (21730)	12/4/1998 3:16:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Karim-- Thanks for the tip- I will look into it carefully and may buy some calls- why to put cash at these levels on anything when you can have a lot of fun by buying calls on issues you think are going to fly- on down days and days of pessimism the call premiums drop significantly one can take advantage I am exactly doing that - I am sidelined with using derivatives to take advantage of any prospective run- like buy 60 calls for March - if this has to fly my rewards are much higher if this drops I would only loose my premiums- I will like to be a part of the market but with most leverage and minimum outlays that is how I will play this move- if 330 is maintained today on SOX I will like some play on semis add on to present calls- otherwise yesterday action could have been a false break out.. 330 for me is a solid support and todays action will confirm if we have to move higher.. I would think your recommendation is very timely but I need to see this thing more closely.. My trip to Pakistan is delayed for another 30 days so I hope you are still their when I come after new year, this year we decided to spend our new year here.. Thanks and take care- keep in touch.,,

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