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

To: IQBAL LATIF who wrote (23317)	2/7/1999 11:38:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

With China breaking the support--http://quote.yahoo.com/q?s=^SSEC&d=1ym I will like to think that markets in ASEA in coming days may not be able to overlook this weakness, HSI may be impacted adeversely so will be ASEAN markets. In such an environment it would be wise to buy 1200 March SPH puts. BKX may also break the 772 support and test 750 but the real play would be 1200 March's only to be taken out if China rebounds above 1100 and stays above for two consecutive days..