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

To: IQBAL LATIF who wrote (18830)	7/7/1998 4:15:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I was hours ahead of H&Q analyst when I wrote this- 'I have reasons to belive that some indicators show me that some money is coming into stocks like TXN and INTC. This evidence on face of it looks suspect that why should money flow be increasing in some of the stocks when the market in semis is falling. My bias still remains on semis a bit long but I will initiate positions after 255 is once again taken out, no need of hurry'. Since last few days JPN TB's and this turnarond in SOX are good news for me and I hope this continues.This was my post at 3.04 AM and consequently we saw that big rally in semis. I think SOX 260 is in order. The battle with Kurlack is still on. Going long semis and short IIX may be the game.

To: IQBAL LATIF who wrote (18830)	7/7/1998 4:31:00 PM
From: IQBAL LATIF	Respond to of 50167

Captain Jack this is what I said in the morning post- I hope today's carnage would give you enough satisfaction that one should not be carried away.My morning post was my recommendation was buying puts on IIX if 1900 or 1892 is taken out-- for me the trade with a view of six months is long IIX puts-- I like earning based companies -- Yahoo at 200 with 46 million shares outstanding and practically throwing its service free does not deserve to be a 10 billion cap stock. Ditch it by Just buying puts don't short it, create pressure by buying puts. Relax you will see your levels. My morning post was as follows- 'Internet stocks will be unable to maintain these levels but in speculative positions like internet related markets one gets crushed if you go against the market, yesterday action was a classic big short squeeze, I will only trade Internet on the short side if composite gives me the cue, if interents ever slip SPX can be at 1130 in no time'.