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To: Skywatcher who wrote (29954)12/8/1999 5:12:00 AM
From: IQBAL LATIF  Respond to of 50167
 
On CSCO longs I have placed a stop profit below 94 otherwise I let them run, IBM's will certainly do well. Manias are laways played with contained risk, like in case of CSCO you are long with 2$'s on the table so for me market has always been a place to trade on both side the ne most lucrative until new high on SPZ is taken out at 1428 looks to be some long puts.. towards the end I had now a play going for Yhoo and hopefully in 10 sesions we will see some return...Play on short sides in as bull market are risky plays but interestingly one can look at them as they rep[resent some opportunity, this is a pure long short strategy so nicely played by hedge funds, however we keep the limits of loss under wraps by exactly knowing what are we purchasing..so our maximum loss is identified Yhoo can be 500 but my loss would be 5 and change on each call although maximum profit remains open as Yahoo theoritically can come lower to levels where 280's can be in the money..