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To: H James Morris who wrote (84091)	11/12/1999 9:16:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

FOCUS-Finisar shares gain 357 pct, lead day's debuts By Reshma Kapadia NEW YORK, Nov 12 (Reuters) - Finisar Corp. <FNSR.O>, which makes fiber optic subsystems, left other initial public offerings behind Friday as it capitalized on recent enthusiasm for similar firms like Sycamore Networks Inc. <SCMR.O> The five other IPOs also gained, but Finisar, which makes fiber optic subsystems and network performance test systems that speed up communications over networks, led the pack. Its shares closed up 357 percent, or 67-7/8, at 86-7/8 on the Nasdaq. It was the largest percentage gainer on Nasdaq. "Finisar has good fundamentals, good comparable valuations and a halo effect from recent IPOs in this sector," said Irv DeGraw, research director at WorldFinanceNet.com. "If you liked Sycamore, this may be a chance at a second bite of the apple." Sycamore gained 386 percent at its debut in October. It closed Friday at 251-15/32 on the Nasdaq. Sunnyvale, Calif.-based Finisar raised $154.9 million through its offering of 8.15 million shares, which priced above its upwardly revised range. It had initially expected to price 7.7 million shares in a range of $12-$14. Finisar's customer base, which includes International Business Machines Corp. <IBM.N> and 3Com Corp. <COMS.O> was a positive, analysts said. Internet marketing firm NetCreations Inc. <NTCR.O> shares also rose, closing $7 higher at $20 on the Nasdaq after its $13 a share IPO. NetCreations, whose e-mail systems let direct marketers send advertisements to consumers who want them, raised $42.9 million with it 3.3 million share IPO. "In the last six months, there has been a huge thrust in e-mail marketing. "It has such high response rates, about five to 15 percent for the typical e-mail campaign versus 0.5 percent for banner campaigns," said Michele Slack, an analyst at Jupiter Communications. NetCreations and Yesmail.com Inc. <YESM.O> are the two major players in the e-mail marketing or "brokering" market, Slack said, adding that NetCreations makes its money by renting its e-mail lists to advertisers. The following are the day's other debuts: * San Jose, Calif-based Immersion Corp. <IMMR.O> shares rose 6-5/8 to 18-5/8 on the Nasdaq after its $12 a share IPO, which priced above the expected price range. The producer of computer mouse and joystick enhancements designed to make games more realistic raised $51 million after pricing 4.25 million shares. * Rudolph Technologies Inc.<RTEC.O>, which designs and develops support tools for semiconductor device production, raised $76.8 million after offering 4.8 million shares at $16, above its expected price range. The Flanders, N.J.-based firm's systems are used to measure the thickness and other properties of films used in building integrated circuits. Its customers include Intel Corp. <INTC.O> and Texas Instruments Inc.<TXN.N> * Santa Barbara-based Somera Communications Inc. <SMRA.O> raised $102 million after pricing 8.5 million shares at $12, the middle of its expected range. It provides telecommunications carriers with infrastructure equipment and services and is poised to benefit from a push by carriers to offer more services. Research firm Dataquest projects that worldwide sales of telecom infrastructure equipment will grow to $230 billion in 2002 from $180 billion in 1998. * CVC Inc. <CVCI.O>, which supplies equipment for the fabrication of thin film recording heads for data storage and semiconductor devices, raised $35 million through its IPO. The shares of the Rochester, N.Y.-based firm closed up 15/16 at 10-15/16 on the Nasdaq after its $10 a share IPO. 859-1730)) REUTERS Rtr 19:02 11-12-99

To: H James Morris who wrote (84091)	11/14/1999 6:42:00 AM
From: craig crawford	Respond to of 164684

I never said your opinion wasn't welcome, I just offered an opinion of your opinion---ridiculous. (hehehe) I think there are tons of reasons why options can make a lot of sense. (when used properly). For instance, I hadn't done any trading for 6 months or so and wanted to get back into it after the summer was over and the real action was starting to heat up in the fall. Figuring it might take a while to get back up to speed, and seeing how scary and volatile the market was in late September and early October, I thought it best to not put a lot of capital at risk. After all, sentiment was getting pretty ugly and rates were shooting up. To make a long story short, OTM call options provided a useful tool for me to participate in a huge way on the upside if the market made a bottom. I didn't have to worry one bit about having large sums of capital tied up on a dark October day, frantically trying to log into some lame frickin online broker when the market crashed ahead of a Y2K meltdown. I didn't start out with a lot, but in about a month and a half my initial investment is up over 100 fold. I think I will stick to OTM options through the rest of the year and try to ride this mania as far as I can without risking alot of capital. I wish my 2nd new favorite BWAY traded options. (VERT is my fave). P.S. I like your idea of taking a break after the new year, unless there is some kind of panic sell-off ahead of Y2K. Then a trading opportunity will present itself.