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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28795)	9/13/1999 10:53:00 AM
From: Riskmgmt	Read Replies (2) \| Respond to of 50167

Ike and thread: Ike great to see you posting your levels. As far as the option ideas that you requested. WIND is a stock that on the P&F looks very good it broke a Double Top and broke through Bullish resistance , what our friend Jerry calls a BSB (blue sky breakout). It has been up on above average volume. Also fundamentally I like the stock. Just got a new CEO last week and there new "Tornado' product is now shipping. I would on a pull back sell puts or by calls. Also like Citrix (CTXS) very strong fundamentals and the RS just went positive and it broke a DT. I would look to enter on a pull back here also. I expect we may get a chance to enter both stocks at lower levels this week being options expiration. Note:To all readers. I do not claim IKes brilliance or track record so please do your own DD before investing. Ray

To: IQBAL LATIF who wrote (28795)	9/15/1999 5:06:00 AM
From: Toni Wheeler	Respond to of 50167

Article from NetWorld + Interop: "Bandwidth, infrastructure management essential tools" daily.zdevents.com

To: IQBAL LATIF who wrote (28795)	9/15/1999 5:30:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

As we broke the 2500 on Monday we saw some sharp selling and the following post recommendations with benefit of hindsight looked great, <<from IQBAL LATIF on Sep 13 1999 10:16AM EST SPZ (15 points difference with SPX)1360.8 is the support area, 1358 can be possibly seen but a break below 2500 on NDX and 1358 would lead to a possible test of 1345 on SPZ... range bound until 1374 is taken out or even 1375.. target on upside remains intially to 1397.... Oct calls and Sept long puts on a downdraft would be a great trade, covering around 1348 well above the 1343 support..>> WE did see those levels as we tested the lows but did not break them and I think SOX fasle breakdown on Monday was that one of a kind jolt that is necessary to shake out weak hands as we move on to higher valuations.. from 546 to 574 in 24 hours with MU 81 and AMAT in a breakout mode will naturally put a lot strees on already stressed out shorts of semis, never in my life I have come across the kid of non-sense I have lately observed on SOX and MU in partiuclar, like Oil I am hearing that DRAMS are in short supply with all thoose cut backs we are in in an era where as I have ben repeatedly asserting in a long term cyclical bull market for SOX...CPI is too small a number to make an impact on semis like retail sales were very strong buy the markets that matters to us roared up, in my opinion, it was a terrible mistake to overlook MU and AMAT, most recently when soon after earnings we saw that lost of lustre for me, it was a buying opportunity..the target of 570 on SOX was closed in last night I would like a second close and expect that this divergence between Techs and SPZ closes soon, I would still look for a tame CPI to do the job otherwise I will sell a lot 650 SOX and buy 540's SOX as a trade to get benefit a a correction in case we see 750 been taken out on closing basis, rather one hour of weakness below 750 will lead to 690 potential and SPZ back to as low as 1330 area.. the finaancials need to improve wirth drugs and airlines and Oil need to sell a bit from here to provide that rally material, I will be looking at the number and watching how financials fare after the number the bond yields are below 114 and would like some rally in the bonds..