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To: IQBAL LATIF who wrote (18748)	6/30/1998 10:27:00 AM
From: IQBAL LATIF	Respond to of 50167

With four hundred points rally in Japan my yesterday positions are doing great, I still think that Japan will by sept touch 16800 level.

To: IQBAL LATIF who wrote (18748)	6/30/1998 10:49:00 AM
From: IQBAL LATIF	Read Replies (6) \| Respond to of 50167

Iraq- US confrontation-The news about F16 hitting a Sam battery is storm in a tea cup, oil is firmer but I would think it is just an opportunity to sell in rallies. I will like to short SPU if 1876 on composite is taken out I will close out around 1866, I am inclined to think that we may see a rally in the afternoon although composite is down by 10 points, INTC is weaker but comes 14th I think a earning play is a good possibility. I still think that 1892 area and 8910 area are two areas of resistance, DOW and SPU will be able to take them out. P.S.My broker at Soloman-Smith Barney informs me of my 30th June six months as of todays morning. This reflect my returns when I have been trading markets from third world countries. I have been pleased to inform that it is whooping 51% over six months, for a seven figure account this is quite satisfactory. These could have been better if SOX would be at 330 not 248. My broker 'Raj Bakshi' is one of the finest pro on the street, it would be unfair if I do not publicly appreciate care and service from Ray, he has helped tremendously to kill the distance with phenomenol returns. Distance killed without whooping returns would be no fun the experiment is that one can be in jungles of Amazon and still with a local cal can make great returns. Does these results mean that distance is conquered in my opinion -yes.