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Politics : Idea Of The Day
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To: James C. Mc Gowan who wrote (25240)4/13/1999 12:56:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
INTC in my opinion will determine the future of SOX, I will not mind adding 65 calls for May as purely an upside play on better than expected earning surprise, they have not pre-warned which under normal big problem they would have had, knowing from past and looking at negativity and lack of huge whisper expectations a bat of few calls will not be too problematic or sternous, it is risky but rewarding proposition. I would do that if we see SOX holding out here, some where today at the lowest point I will like to initiate some calls, not with standing that 50 puts may not be a bad idea too. INTC will not atay where it is it is going to have a violent move, the pattern of the chart tells me very close Oct 97 basing, it may move up they way I am 60% biased or move down big a 40% inclination, I will try to do it both ways, I will also hedge my SOX index with calls and puts strategy for May.
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