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

To: Susan Saline who wrote (33065)	9/13/2000 7:54:24 PM
From: IQBAL LATIF	Respond to of 50167

LU.. a stock making new low should never be bought, that is what most of the techs will tell you but LU at 36 and another position around 32 if it hits that or 26 even that is good way to build up sizable position in a key stock that offers future prospects and entry in a reasonably good tech company..RSI today was bad the low of last 18 months was hit but it looked real ugly and real ugly technical positions need to be traded sometime..the cavaet is the long puts.. for me when in an uncertain market you play a mid point range where 100 days MA is intact and 1482 the 50 days mA is not out the best way is to give up the 7-10% of the upside from thel ow and buy some protection.. if hte market needs to move up we will see a move in excess of 15% that will pay for the 7.5% protection plus the pleasure of owning a good company at the lowest entry point..fwiw..everyone in the town is going to be long this baby above 54..anyway the fun is to entangle with a loser at lows sometime..