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

To: steve susko who wrote (22730)	1/20/1999 2:10:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Higher- 815- to 873 and than to old highs of 960's ---- this is my take .. but I will shoot this BKX in the head if it takes out 799 two closing basis tests 772 where I go big time long.. the strategy is simple but will pay..... the fears based on which BKX was sold was and is groundless and these things will move.. 799 test was great test again and 815.09 resistance is one hell of good one but here is the trade for very sure accounts wait for the darn thing to move and get into place above yesterday's 820 highs- sell 800 puts for Feb and buy June 870's.. you will make money....cut the positions below 799 or.. introduce covered call selling for May on break of 799 to reap the benefit of the long June as you leg out of May covered call at 772..and add to June's from the lows.. I hope you get it.. Ike