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

To: Beachside Bill who wrote (17072)	2/20/1998 3:05:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Beachside Hill- I am going to be long above 302 on SOX and 992 on SPA - I know one thing that SOX goes to 320 it is like my 1000 I know it from 243 I will get it beyond that it is all ethereal vaccum so I am aggressively long although today expiries made Ray to get me up but look at my expiries today- PMTC Parametrics I talked about it in Nov I had Feb 50's deeply in money bought for 2 and change- AIG 110's deep in money also also mentioned on the ETH at 35 and PMCS 30's now with cleaning of my lot of puts and expiry of positions like this I have had good run right from 243 on SOX in interim markets may have been volatile but the focus has been long I continue to do so- now I did long TXN at 135 but I also longed it at 397/8 in Techs I have learnt from July 96 fateful day go long when blood is on the street right now I am aiming at 355 but will advise caution for me this is basing for a pre-summer rally and however I will cut my long Tech if I have two closes below 302 on SOX-period I just don't want to give anything back to 'bears' so will keep a very tight strategy why should SOX close below 302 if every thing is intact? If the weakness appear in overall sector one needs to keep an eye on- I will corelate my trades with Nikkei 16200 break- HSI if 10000 is taken out again- BKX if 736 is taken out the moment you see all that happening look at your exposure and take necessary defensive action- if 1018 is taken out you may see a move to 1002 or even 998 but on SOX I think will remain firm and above 320 naturally at certain point I will move my SOX supports much higher but at the moment I am alright with present configuration- also check out for sign of troubles if you find bears going long that is the last straw on camels back.gggg By the way I will be trading with a divergence biased model and will be loking at NWX DDX SOX running where as SPA taking a breather around 5% from here. So naturally we need to be ready on some good possible trades on SPA--