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

To: George Mc Geary who wrote (13109)	10/29/1997 11:18:00 AM
From: Burjis S.	Read Replies (1) \| Respond to of 50167

I Say George!! ....I'm glad you asked as it looks like we both bought the same option at the same time and price yesterday hope IQ can explain. Best wishes Burjis

To: George Mc Geary who wrote (13109)	10/29/1997 12:27:00 PM
From: IQBAL LATIF	Respond to of 50167

George- It is traders who jack up the prices in anticipation- delta being lower now the prices are marked lower however we will see this decently up with another day of rally. I paid 5 5/8 and sold puts 3 1/4 155 I think we need two good days.

To: George Mc Geary who wrote (13109)	10/29/1997 11:35:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

George- I am watching NEkkei and HK tonight- I thinkwe are seeing an intermediate test of lows, I would like to see HK stay above 10000 and close above that the major resistance is upwards on 10960- Nekkei also finding a bottom here- based on RSI's I would think we should see some buying later in the session- I doubt if Nekkei and HangSeng will fall rather they would probe these levels and may end 100 -200 points lower- thw markets want now an orderly end to these gyrations and today will be a classic day for these actions to play themselves out- if this selling does not stop and HK closes below 10000 I would think we will see this volatility move to next week - however I am sure that seeing what happened in Russia today we will see the resistance on 10960 to be taken out soon. I am long Nekkei and will follow this trade to the exit- very closely.