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

To: IQBAL LATIF who wrote (22230)	12/30/1998 7:38:00 AM
From: Chuck Molinary	Read Replies (3) \| Respond to of 50167

Iqbal, <<Chuck- I think for oversold stocks this strategy works.. DIS 25 puts as long out as Dec 99 or leaps and calls of 35 can be very profitable.. but the position should not exceed the amount you want to own. same for BA.>> Thanks. I'll be checking DIS option prices later to determine entry. Ironically, BA has already provided some tax relief to my gains. I don't have the same positive outlook for BA; at least not for 99. But according to your sentiments (buy what noone else is buying) I will reevaluate. Favorite stocks of the year: COMS, EMC, AXP, FNM, HD, LUV, and most of all ORCL. Some of the stocks on my list going into 1999: AXP, HD, BKS, ORCL, IFMX, TMAR and short the internets. Thanks to the assistance of yourself and others in the SI world, my portfolio figures to show about a 48% increase for 1998. I'll take that in a heartbeat... Happy New Year! ctm