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

To: MONACO who wrote (21769)	12/5/1998 8:31:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Support is at 330 a double close below it you need to be out and above let it run the darn thing can go up from here remember when it came down we had all these loaded in the money calls of AMAT we lost all premiums we were looking at something else, three days were pure hell it just broke all resistances although I remember charting the decline but from 401 to 302 it was a short journey.. so why not from 330 onwards but with vote of impeachment on horizon we may some choppiness, I have learnt few things hard way the time to get in is when things are really looking bad now os the high risk low reward run situation we may not have 50% return on our new positions in 28 sessions a momentum player like me would only play this thing with lot of leverage buy calls of indexes and get out of them if things go against you, to many goods are built in the market I will assume if we move higher to 130 my target on INTC we will see 400 area but this is once again a high risk low reward run- those who have made good on the run from low should join now otherwise I will like that retracement will offer better opportunities the goal for someone like me is different someone who wants to enter after listening to all those messages of doom is entering at a extremely odd moment.. I think that is the bottom line..Those who missed the train at lower levels should just wait or join the band wagon which may give another 20% run but very high volatility.. I will for all practical purposes put my little money on line because I just cannot stay disinvested I would like to be long above 1180 double close for that run to 1230 area that alluded me last time, I would think that 1180 is going to be a formidable resistance on SPZ and I would like to to be tempted to buy some puts if we fail here later on Monday trading session..if I see it is failing...