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

To: IQBAL LATIF who wrote (36120)	1/3/2001 4:29:29 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

BRCM plus 30... IIX plus 21% and note this the best of the thing that is <<and i will buy puts on break of 1274 to cover at 1252..>> 1274.88 was the low of the day and within one hour we saw it 40 plus from 1278 and closed at 1346.. trading is about points, now why did I placed my trigger at 1274 and not at 1278 the yesterday trigger, the reason you go little below the previous day low and you should know that they will try to trap at plus minus three or four points..this way you avoid being short, now we opened on IIX after rate cuts at 290 within 15 minutes ideally i would like this to maintain the 1328 support and move to my levels of jan end I think we are looking at 3400 now as the target.. the Fed has indicated that they will bring hte rates down to 5.5% if need be and in my opinion that will help this market in finding a good base from the test of 2282 52 week low on Comp... satisfactory close..