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

To: IQBAL LATIF who wrote (19010)	7/21/1998 4:30:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Action and Idea is never far---Why did I moved my put strategy higher to 1998? Because we care for move up and down--equally July 21 --2.06 post-''Having a great fun but moving my sprinkling put strategy higher to 1998 I will buy lot of puts for Oct on a close below this number on composite- I think in a cup winners cup rally I need composite to hit this magic number of 2050 before retreating below 1998 if does not shorts may have other designs for a quick run down I will be with the shorts until 1967---- but not before a close below 1998-- enjoy the upside and the downside with uncle Ike''- Shorts did have other designs and so was this thread ready--- In line with my strategy before all hell broke loose shorted 1230 SPU calls at 11 and change and bought some puts 1170-- expect now SPU to test 1155 area- the ferocity of selling made me run for the cover although in normal circumstances I would have done this below 1998 level puts on closing basis. Overall SOX would not break 262 but I got out of long calls- INTC TXN IBM all faced selling very nicely the rotation I was anticipating in my post to Pearson is in progress-

To: IQBAL LATIF who wrote (19010)	7/21/1998 6:06:00 PM
From: Chuck Molinary	Respond to of 50167

Ike, <<ANYONE WHO MUST HAVE PURCHASED EVEN ONE CALL OF IBM must be looking at the benefits>> Yes, this was I. I bought some July 115s last month and turned a nice profit. Would be nice to have bought August 115s instead but I'll take it. Hope all is well. Chuck

To: IQBAL LATIF who wrote (19010)	7/21/1998 7:37:00 PM
From: Andreas Labrakis	Read Replies (1) \| Respond to of 50167

Hello Iqbal On your call for NT march 65 calls for 1999 do not exist. They go as high as 60. Unless you were looking at leaps. Please inform and great calls and insights! Still Here Andreas

To: IQBAL LATIF who wrote (19010)	7/22/1998 8:17:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

I think a healthy retracement but I was watching Ely and other earnings if yesterdays action was based on bad Merck expectations I would think todays action will be based on good earnings after close yesterday-- there is not much in there for shorts they would run for the cover on an important support I will cover if 1198 is taken out or stay with my present position until 1155 is hit once and I am sure of the support-- with IBM on 128 and MSFT on 116 I doubt we will see composite any lower then 1967 which I think should hold-- I think BVF and TEVIY AGHP IDPH are few stocks one can closely lok at-- I will like abounce off 1967 or if it opens higher will closely watch 1986 area as first resistance--