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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (24503)12/12/2000 9:26:03 PM
From: Jim Willie CB  Read Replies (1) of 65232
 
on the "JDSU thread" T2 informs us that Canadian index funds
will shed tons of JDSU stock by Thursday of this week
they may have started already in selling
yesterday seemed to show more weakness than warranted
I exited SDLI calls on Friday at 272-274
been patiently watching & waiting for cheaper prices
when it hit the 30dayMA at 248 or so, I began buying
spaced them out, not perfectly, but over a wide interval
its 18dayMA at 238 or so, we may find nice support
recent pre-TGvg buying support at 225-235 should also help

hoping for the best, expecting a one-legged Santa rally
giving it time with March calls
as opposed to last week, with riskier Jan calls

any interpretation you have on Canadian selling would be appreciated
those Cannucks have 1/15-th our population,
so their funds are much smaller
T2 claims that JDSU now is American owned, thus must exit

/ jim
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