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

To: Jerry Olson who wrote (17876)	4/10/1998 6:01:00 PM
From: Getcher	Read Replies (2) \| Respond to of 50167

OJ -- Do you have puts in on LSI? What do you see here? I believe you were more correct than I in not waiting on the purchase of the INTC puts like I have waited, however with what I believe was an upgrade last week, INTC did manage to come back to put purchase range for me again. I clearly see sub 69 on a bad report. It Should hold 68-69 area, but if not ... very strong downward action maybe to 63 on Wednesday! Would really appreciate your thoughts on LSI ... I am thinking of really loading up on Puts ... cheap!!! Getcher

To: Jerry Olson who wrote (17876)	4/11/1998 2:14:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

OJ- You may be right on INTC but I go in the numbers very much long- come what it may be. I have been wrong on INTC last Oct but recovered with recent run-- I think every one wants to get in INTC at around 65 level I earnestly believe that we will not see that and if we don't see 65 we will not see 243 the last year low on SOX- however bad numbers in my opinion are very much expected by the market it is selling the rumour buying the news saw it in case of KLAC. I acknowledge your sound reasoning but I will still bank on formation of SOX similar to the kind of break I expected on SPX but SPX touched 850 before my big bhumbo finally landed. So may be \i am little ahead of time but I am sure techs are about to rally even if they touch 243.