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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (11938)11/6/2000 2:30:38 PM
From: im a survivor  Read Replies (1) of 65232
 
<<I realize you prefer ITM's. I think JDSU's recent haircut was unwarranted & look to CSCO to help correct that problem..... will try to be close by with an eye on them.....>>

Agree about the haircut....I grabbed some JDSU march 110's ( didnt do the 100's because I just sold some for a loss a week or two ago...so for tax purposes I went for a different strike...)...got for 6.50 and 5 7/8. Also got a few csco jan 60's for $4.50. We need csco to come thru for us and the while naz...especially the FO sector. I sure would like to see JDSU get back into the $90's or $100's near term. Still looking to maybe get some rmbs calls but will wait and see if it retraces at all. If not, I have stock, if it does come back to lower $60's, I will grab a few calls.

Check out ATML....man, this baby is being bought up in large chunks. Has been for a few weeks now. Judging from my research, it is being accumulated by the big boys, medium boys and small boys.....lot's and lots of buying, and they are still keeping it wound tight in the mid $14 range. Don'tknow when it will move, but if you believe in Volty's theory about the houses and manipulation, it looks clear this is being held down while the "proper folks" stock up....eventually, I think it moves in a big way. JMHOT

Happy trading........keith
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