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

To: gerard mangiardi who wrote (21549)	11/20/1998 10:22:00 AM
From: IQBAL LATIF	Respond to of 50167

Jpn index trade yesterday is mother of all trades posted on this thread-- according to Ray he heard the news of JPN rally on radio today morning as he drove to work he says 'Ike nothing can be more timely'- this is like 'Funds of Funds' the 'call of calls ' call- this is the Idea at its lethal best.. We need to be outstanding, 'beating markets' over long term with a safe margin the yardstick has to be 'good returns' 'logical approach' and 'aggressive safe style'... I take pride in this-- modesty in life but pride in my profession that is the yard stick.. When I brought this opportunity on JPN index JPN futres were trading 250 discount to cash- we proposed 155 Mar we got them at 85/8 400 calls- I also sold the 135 puts for 4 and change-- today they are offered at 93/4 and put premium is off by 3/4th a total of 15% return in a single day- JPN sits and breaks the 14700- the last level where it fall- so one can take the profits off the table- I will not these are March calls- and for me the game has just begun-- 14000 was basing the 20 days crossed the 50 days generating a long term signal and 15% return on one trade on a single day is mother of all calls..