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

To: Logain Ablar who wrote (18779)	7/1/1998 9:33:00 AM
From: IQBAL LATIF	Respond to of 50167

Kurlack waits to kill me time and time again- ggg. Lets see if INTC once again disappoints on 14th anyway it is not going to be the present numbers the fall will come from future outlook, present numbers even if they fall short will have a much more temporary affect it will the future outlook that will affect the stock, I am betting on a better than expected outlook. Had it not been for semis I would have done much better, SOX at 245 instead of 330 is Kurlacks doing however once can always find to hedge semis exposure thru SOX. PSE stays above critical 342 area and I would like composite and PSE to move higher and test the old highs at 1918 as well as 365, if INTC disappoints I will heavily short below 3338 and 1866 on PSE and Composite. Buying INTC calls is kind of risky game and you are right I highlighted that like it was selling JPN puts and JPN calls combo but the rewards are equally gratifying. Lets watch for the big showdown on 14th Kyurlack and insignificant Ike-- INTC has been my most profitable positions due to trading and volatility I still believe that even at lower ends INTC has a play, if Kurlack is right no harm in buying 70 puts now selling 55puts 2 to 1 for Oct-- probably the double amount of short puts will pay for long puts which are at nearer strike the time to do it is now as earning approaches we shall see these premiums rising- I will on your raising this issue may if we fail at 1900 on composite and come back to test 1888 area go ahead and lock this position, I do not expect that INTC will go below 55 also this way my trade is free atleast 15 points higher, the risk is if all hell breaks lose but below 227 we will be short SOX anyway so it all ends in a very integrated spreads and that is how market goes anywhere we will try to be with it. I also think our global co-relation gives an advantage of 2 trading days to see the trouble coming. I agree with you without risky trades phenomenol returns are impossible. One needs to move with caution and look for these opportunities. Family is alright and we willbe leaving now for Paris after a long sojourn in Pakistan for a well earned summer vacation from 5th of July come over we will have fun-- bring your family along-- the invitation is open until Oct 30th. Take care.