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

To: Jerry Olson who wrote (19711)	8/31/1998 7:34:00 PM
From: advinfo	Respond to of 50167

Yeah, I know, I was just kinda tossing it out there.

To: Jerry Olson who wrote (19711)	9/1/1998 2:12:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

OJ- So far locklimit up 20-- Lets see as this drama unfolds in Europe. It looks we will be alright until we reach US..

To: Jerry Olson who wrote (19711)	9/1/1998 2:14:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

If anyone has a problem in buying a stock at these levels like CSCO INTC MSFT IBM CA COMS, I would think it is good to start with a position on DDX 110 calls Dec or 210 SOx calls Dec-- Just leave them. You can also after buying the stock sell some covered calls like 15% out. Never start buying on opening let the market settle, also watch out for this TA thing to recover today, it does not look good as far as TA goes the only thing to recover some damage would be to see our 500 1600 1000 8000 back-- however the world is not going to crash and consumption is not going to be affected if amrket recovers some grounds here, which I expect it to do, it had to be Nikkei break tonight that was the presumption that we broke thru the 998 level on our way down it was being rumored that peg could be taken out the hedge funds came in big time like Druckenmiller who was long DOW sold big time according to unconfirmed rumros he saw his chance to get the peg where some of thme are big time short-- it is not about the economy it also not about slowdown it is about Funds who are in a mess in HSI, they are after the peg, they gave the cue no one came to short HK big time as Nikkei held up well, my two cents worth..These guys need to cover and cover big time.. This is what is behind the scenes..