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To: robnhood who wrote (20651)9/23/1998 5:18:00 PM
From: IQBAL LATIF  Read Replies (2) | Respond to of 50167
 
Ouch touch me not it was suppose to be a very strong sell also- the chart you bears follow and the one we follow has a kind of marked difference to be honest since Monday we were long at 1009 waiting for 1700 on composite and 20 days on DJIA I think at 7932- the day we crossed it we were dry home-- the shorts hurt Russel- touch me not-

By the way the real profits are on our long calls which we purchased for practically nothing now deeply in the money-- what else you want from this life-- Even Gods become angry when Ike is disturbed-- the Bhumbo moves up very fast and very swift--- gggg You are the best bear in the town-- I love you Russel- other bears are Ouching and ahing, the bhumbo is hurting the pain is imense- love it and enjoy every bit of it-- sell calls if Japan fails 500 points and close below 14200-- Russel suppose you are fully invested now you want real big return that is what I did-- in anticipation of this move--

NOKIA-- Bought-- 80 calls -- 50 of them

FTE-- Bought- 75 calls -=- 50 of them

ALA- Bought 100 calls - strike 20

SNE 75 --- 50 of them

Now for a very little outlay I have a huge exposure-- now I will sell 1130 twice the size of my call exposure and buy from the premium some puts at 1040 if we see a break of 1063 on closing basis- if we open lower I will sell 1110-- now I will have my long calls six months out and will keep insurance of this month handy by selling calls and buying puts- if we move above 1130 my positions will be paying me big time and my losses from naked calls will be offset by my huge exposure in calls--on down side I am now protected for this month below 1040-- this is how these volatile markets need to played-- best reagrds-- Ike



To: robnhood who wrote (20651)9/23/1998 5:25:00 PM
From: IQBAL LATIF  Respond to of 50167
 
Close Above the 13-day EMA ADSK 27 5/8 2 1/8
CC 34 13/16 1
COB 4 1/2 7/16
CPQ 32 11/16 13/16
CSCO 66 1/4 3 3/8
HMTT 7 5/8 1 5/16
ICST 10 -1/4
IVAC 7 1/16
KLAC 25 15/16 1 13/16
MRVC 7 5/8 -1/4
OSI 22 1/4 1 1/8
PFE 106 1/2 5 1/16
PLL 22 1/2 -1/16
STK 27 1/2
TLAB 47 1/4 3/8
UNPH 45 1/2 1 3/4
XCIT 37 3/4 9 3/8
YPF 26 7/16 1 1/2

Close Below the 13-day EMA ALTR 34 3/4 1 11/16
APA 28 5/8 2
DO 27 1/4 1 13/16
GPS 57 13/16 -1 1/16
HWP 53 11/16 3
LSCC 24 1/2 -1 1/4
QUAL 1 5/8 0
RIG 32 7/16 2 5/16
SHG 8 11/16 -13/16

MACD - Bearish ANDW 13 1/2 1
SNE 70 3/4 2 1/4
TQNT 16 1/8 1 1/2

Close Below the 50-day EMA APA 28 5/8 2
ARC 71 3/8 4 3/8
FTE 71 1/2 2 1/2
MOT 48 1/8 9/16
NOVN 5 1/4 7/16
TXN 56 3/4 3

Record Price High BA 33 13/16 -3/8
EMC 61 5/16 3 1/2

Close Above the 50-day EMA BMC 6 15/16 3/16
CPQ 32 11/16 13/16
CSCO 66 1/4 3 3/8
CUBE 17 5/8 5/16
FHWN 34 5/8 1/2
ISIP 12 1/4
LGND 10 1/8 1 1/8
MAK 15 5/16 -3/4
NN 21 15/16 1/16
PLL 22 1/2 -1/16

MACD - Bullish BMC 6 15/16 3/16
MSFT 113 5/8 4 7/16
PVN 80 11/16 3 7/8

Dividend Declaration BT 68 1/16 5

Stochastic - Bearish BVF 27 11/16 3/4
IFMX 5 1/16 3/16
MOT 48 1/8 9/16
OSI 22 1/4 1 1/8

13-day EMA Cross Above 50-day EMA CSCO 66 1/4 3 3/8
JBL 37 3/4 2 3/8

Record Price Break Outs EMC 61 5/16 3 1/2

Gap Up EPG 33 2 1/8
LGND 10 1/8 1 1/8
NOK.A 83 3/8 9
PHG 53 5/8 5 9/16
RIG 32 7/16 2 5/16
XCIT 37 3/4 9 3/8
YPF 26 7/16 1 1/2

Record Volume GENZ 35 1/16 0

MACD - Bearish, Stopped Out MSFT 113 5/8 4 7/16
PVN 80 11/16 3 7/8

Record Price Low MTSN 3 17/32 1/4

13-day EMA Cross Below 50-day EMA NOK.A 83 3/8 9

Gap Down SHG 8 11/16 -13/16


Performers Doing Well ...
AMZN Up 16 15/16 at 105 1/8
CCI Up 10 3/8 at 105 1/2
XCIT Up 9 3/8 at 37 3/4
AOL Up 9 1/8 at 115 1/4
NOK.A Up 9 at 83 3/8
Doing Poorly ...
XIRC Down -1 5/16 at 25 9/16
LSCC Down -1 1/4 at 24 1/2
GPS Down -1 1/16 at 57 13/16
CCL Down -15/16 at 30 3/8
COMS Down -13/16 at 31 9/16