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Politics : Idea Of The Day

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To: Big Dog who wrote (22234)	12/30/1998 4:38:00 PM
From: IQBAL LATIF	Read Replies (2) of 50167

I think this chart indicates that OSX may not have much downside, I am extremely satisfied with the move of BKX today after a good rebound off 799 and I can see distribution going on as I see DOT.X broke thru serious supports whereas BKX broke out above 815 a long time resistance, I would think next year this time anyone in Oils will be looking back and enjoying the benefits.. I am seeing that prediction of day before yesterday that SPH may soften with NDX and composite and leadership be taken by BKX, Transportation, Oil and the beaten down sectors may work I am betting on it- the puts 770's are losing premiums and puts 1230 are gaining premium I am long in the market on BKX and Transportation and Oil ( I initiated positions in Unocal,OSX, BP- the merger approval will have some impact- the positions I initiated today are Jan 2000 and Sept 99). I also see that TXN was well bid today.. Core of LU CSCO and INTC and MSFT with good exposure to Oils and BKX sector may take me forward..

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