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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (22055)12/22/1998 3:51:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I would like to think that we may see a range today between 1195 -98 to 1225- I will be buyer at lower end of the range with a stop loss at 1188 and seller at 1225-28 area , my selling is buying long puts and I never recommend shorting stocks..

I will restrict myself to these ranges and will continue to run my long puts even if 1228 is taken out in my opinion 1200 longs will be
seen a lot of time, I think CPQ ORCL AMGN will offer a good return if we enter some options at a lower end of the range- I would also think that RUT second close above 402 can take us to 427..SOX 360 need to be watched if we take this out we may see 380 and 402 very soon, BKX 815 will also give a good indication of bigger move and broader move- NDX Composites at new highs these other indicators can be very interesting to watch and we can try to take a cue off them..
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