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To: IQBAL LATIF who wrote (12671)	10/24/1997 12:10:00 AM
From: Sticks	Read Replies (1) \| Respond to of 50167

[ Globex link ? ] Ike, Where can we find a link to the globex quote (off hours) for S&P500? What is the symbol? Thanks, it's wonderful to have this community of people to help us each understand the current situation; put aside the emotion and smoke and deal with the logic. Sticks

To: IQBAL LATIF who wrote (12671)	10/24/1997 8:20:00 AM
From: Jason W.	Read Replies (1) \| Respond to of 50167

Ike: I know you keep an eye on JBIL. The stock seems to be caught in a endless downdrft and yesterday broke down through its 100 sma at about 51 and through a significant historical support at about 50 1/2 to close on significant volume at 49 3/4. If the downdraft continues (it's been pretty steady since earnings with a drop from 71 to 49 3/4), the next historical support is at 40. Although I've sold covered calls on the way down, it hasn't been enough. I'm holding a significant position and I need your advice on a protective position. I think the stock will rebound once it stabilizes, but it may not stabilize until much lower. I've considered selling the Dec 50 puts and buying the Dec 45 puts or just buying the Dec 45 puts. What would you do? Thanks for your input. JasonW

To: IQBAL LATIF who wrote (12671)	10/24/1997 8:49:00 AM
From: Nemer	Read Replies (1) \| Respond to of 50167

Greetings Cousin Ike: --------> I go to bed with at least the feeling that premises based on which we constructed logical movement was right. I'll say that your staying the course, shining the light, showing the way yesterday was an absolute marvel. As Mohan said, your ability to absorb data from many sources and think on the fly is astounding. You have my sincere appreciation. I had placed protective stops on all my postions and decided not to trade yesterday for I knew it was not possible for me to discern the bottom---just knew down was the direction. I had no immediate fear of a big crash, and know how to make profit from declines but the panic type situation of yesterday is not condusive to my style of trading. So, I decided to watch and wait. I was enthralled by your running commentary and insight. Makes me envious. Thanks. OEX(908.52) ...892...898...904...///...912...916...922... Regards----Nemer