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

To: Riskmgmt who wrote (19733)	9/1/1998 6:29:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Ray- I had two calls yesterday one was to short below 996 at around 1,30 that was classic timing within a move for a bull like me, pays me for all my bullishness- if you remember and second was to write that Nikkei and HSI will not take the bait lower, how many were saying that on the street last night. Nothing but free flow and bird's eye view of the market. This is just contrary thinking. I think we will go long on SOX DDX BKX and all beaten down sectors-- I will reiterate selling out of the money 15% atleast even 25% puts deep calendar months like Dec and buying calls for Dec--- ofcourse you should be able to get the delivery my favorite play would be sell 170 puts Dec for SOX and buy 210 220 on DDX sell 75-80 puts and buy 115 calls-- I will also initiating some very exotic positions watch out here on this screen-- a put spread on S&P which will protect your investment in SOX and will hedge against decline in Tech-- I would like every one here to treat these markets little more than plain buying stocks - we need to keep some special strategies I will come up with few today- ask if you need but be sure that my thread is a pro- bull thread I see nothing wrong with the fundamentals, my calls are based on what I see behind the moves with my own little mind, I would like that risk associated with my kind of approach are high but it always picking on these doomsday scenarios that I have made most of the money, I will like that break of 1004 to be associated with some long positions..