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Strategies & Market Trends : The Options Box

QQQ 621.87

-1.2%

Jan 30 4:00 PM EST

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To: Jill who wrote (811)	5/26/2000 8:29:00 AM
From: t2	Read Replies (3) of 10876

I decided to buy QCOM afterhours yesterday, hoping for a bounce off these levels. I have never made money on this stock before and thought I would give it a shot again. An options play that I am considering is to buy June calls on JDSU--5 to 10 dollars out of the money. I might wait another week or so. I am placing a bet on the approval of the ETEK/JDSU merger. THe vote is scheduled by ETEK for JUNE 28. Based upon that, I would think the JDSU has already submitted the information requested by the DOJ---to be reviewed within 20 days. AFter that 20 day period is over, my understanding is that the merger would be approved--unless of course they come back to the companies within 20 days. I am betting the approval will result in a huge surge in JDSU stock. This SDLI news will help in the meantime(I underestimated this company). One would have to take a look at GLW if that one does not move today along with these 2. I just don't want miss out on buying speculative calls before the announcement of approval on the merger is made. It is probably worth the risk to try this play.

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