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Politics : Idea Of The Day

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To: Jerry Olson who wrote (22808)	1/21/1999 11:13:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

JT- Thanks- I think AMZN is a very short term play and I will get out soon, just a clarion call to investors that a trader should have no fixation.... I had long puts on these stocks and I decided to get them in and reverse the situation for a rebound.. I think AOL at 122-31 level can be interesting...I am positive about C earnings.. and I am playing this market from break of 1255 on the other side of SPH.. it is so tiring to be long on somethings and short on market specualtive index.. watch out for 1228 break even 1224 can be tested to suck people in but the pits go long on every dip. very positive sentiments as far specialists are concerned.. My typing speed is increasing but mind keep spinning and keep working on new strategies sometime I am out so I call my sone Zain to print the trade just ot let my firends know on thread my opinion on bad mouthed AMZN has changed .. Keep an eye on DOT at 472 if it breaks that you will see Yahoo at 240 and AMZN at 88 where an opportunity can come along by selling DOT 560's and buying the calls...at 100's and 270-280 don't spend a penny more than what you get and let the thing run to see 560 back in DOT we need this AMZN on 150 atleast and Yahoo on 340..PFE trade can be good at 109-11 area and Merck can be also a great trade. but GE cannot be forgotten at 95 area..below 1192 we will see a decline to as low as 1130 so trading has to be with killer instincts in and out with multiple watching of indexes- right now the critical being BKX at 799 if it breaks that we see 772 by that time 1192 will come true so you need to pro active.. no fixed plan ambushes and finding new targets. James Stauss has pointed out worsening breadth and I will keep a close watch to his call.. SOX close is also important today if it below 392 we can go down to 360 very soon..above 401 will mean that yesterday break was false..

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