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

To: Getcher who wrote (17589)	3/26/1998 11:58:00 AM
From: IQBAL LATIF	Respond to of 50167

SPM yesterday at one time touched 1125 shy of 1130 our level on the break of 992-- I added some more puts of 1090 once I saw SPM retracing to 1118, SOX definitely is higher now at 295. Nearly four days back this is exactly how I thought divergence will play out. SOX yesterday moved higher as SPM withdrew. I still am very positive on techs look at last year chart I will assume this thing peaking around July but naturally even proposing a divergence trade when SOX was actually at 285 and SPM at 1110 needed some close analysis and courage of believe-- last week my levels on MSFT and divergence have done great wonders and last night late market action and todays morning opening has helped the positions.