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Politics : Ask Michael Burke

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To: DlphcOracl who wrote (87544)12/26/2000 11:39:37 AM
From: Knighty Tin  Read Replies (2) of 132070
 
DO, I hate the fiber optics market right now, but JDS has had a mighty downswoop in stock price. They still are losing money hand over fist, but there may be room for a price pop here. I would avoid the stock, long and short, like it had the plague. But out of the money, long calls in a 90/10 or other conservative program might be a good spec for a dead cat bounce. My caveat about the calls is to manage the money conservatively, my favorite way being 90/10, and when you play with falling knives, buy a basket of at least 5 names, not just one name.
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