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

To: steve susko who wrote (18902)	7/13/1998 9:01:00 PM
From: IQBAL LATIF	Respond to of 50167

ASND INTC IBM to name some out of our last few week recommendations-- we could not expect better, our INTC was right on the day Kurlack came with his gloom and doom, Lets see what is in for us. I hope this run continues on after the earnings tomorrow, we have good expectations. I have considerably reduced my long calls on INTC 80 calls towards the end and have decided to run only half the positions into the numbers. I am liking EGRP and Egg head as momentum plays. I will like now this composite 1962 and 1957 as new intraday supports of composite. Right now Iam concentrating too much on composite and PSE or SOX if anything has to indicate reversal it will be through one of these sectors. I expect Russian package apporvla to be good for European markets but in Japan search of new PM may take a bit too long, I would assume that market may get a little concerned about the delay or resolve of the new man. I think we have a tough resistance to negotiate 170 on JPN looks very difficult but once it crosses we may see a run up to 17300 that translates into 177 on JPN.