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

To: Brian Fukuba who wrote (18408)	5/15/1998 11:44:00 PM
From: IQBAL LATIF	Read Replies (5) \| Respond to of 50167

Bri- I think yesterday message to short when 1860 on composite is taken out was a good direction, we saw SOX much lower as Tom Kurlack took the market with surprise on a day when direction was listless. I will expect SOX to hit 280 or 265 to check supports I also would think that a test of 1823 area on composite is on cards. I have sold some calls and bought some put on break of 302 on SOX - combo of 330 and 290, I plan to take them out above 305 not before. I am long 1180 June puts and will contnue to work around my parameters, I also sold some covered calls yesterday.