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

To: surfinSteve who wrote (20658)	9/24/1998 2:52:00 AM
From: IQBAL LATIF	Respond to of 50167

Surfin-- I was buying puts after break of 1197 and selling calls--- although as I have always said I was bullish on the market, the markets as I have explained in my post and several times before were building in risk premiums where it was not really required-- preparing itself for deflation--- where it was no such thing. I like to trade levels and unlike many self styled 'bears or voodoo chatists' I would be rather making money on the way down than spreading terror on the threads- when I was buying puts on IIX it was above 400--as you rightly said, although I remained overall long, in a similar pattern I was selling calls as supports were broken expecting 1130 not to be taken out but as we sent thru it I was giving levels on day in day out basis identifying the bottoms without prejuidice of my own thoughts-- It was just last week I was asked about LatAm shorting and ASEA on both counts I said no, weak $ will help them- may be next day Brazil was down but since then we have seen most of the recovery from the lows same for my opinion on Hong Kong where I agreed even before Krugman article that we should favor some controls. I think COMS will do well, and my idea is that sooner than later it would be taken over, the numbers since last two quarters are coming out good and the stock technicaly look in great shape-- I will stay long on this one for quite a bit..