VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Boplicity who wrote (10091)	10/27/2000 11:54:00 AM
From: Dalin	Read Replies (1) of 65232

This is weird today. Right at the open, my JDSU calls were bid up, like they should have been. Immediately (within 5 minutes)they dropped to yesterdays level. I had no chance to sell any....they were now trading lower then yesterdays close, and JDSU was still at 83. What the f#%k? I didnt like what I was seeing....sold my JDSU, NTAP, and RMBS longs, I got yesterday near their lows, for a nice profit, and sure enough......good move...got em back much lower again. Now...JDSU is still up 5, and those calls are cheaper then when I bought em yesterday when JDSU was under 70. Go figure! I dont get it! I guess thats just a whole different market, and thats the way it goes sometimes. It sure told the story of what was gonna happen though.<g> Regards, :0) Dalin@learningthehardway.com EDIT: Well at least the market is coming back now...maybe the calls will come up now....and the heck with it....I'm gonna hold em all for a decent fall rally. :0) D.

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