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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (17)	12/7/1999 4:06:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Also closed out the ABF puts at 2 5/8. The stock went down a couple of dollars since buying yesterday, but the puts only went down 1/2 so I'd rather deploy the capital elsewhere. Profitable trade anyway. Still got the IBM calls I bought yesterday. I reckon these ones could bring in a lot of profit. IBM seems to be getting a lot of attention as an internet play. Might roll the calls over into January if the move doesn't come within the next couple of days.

To: Steve Lee who wrote (17)	12/7/1999 4:28:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Steven, did you do anything with ANCR (it was in the 60' when I mentioned it), I bailed out at $88 and left a bunch on the table (as usual). I'll be back in once it settles... As for JNPR, I think that the next target is possibly $350 or so (who knows with these), I do not play the options myself, so I take more of the swing, I figure $275 to $345 will be nice. In any event, I use a mental SL which I raised to just below yesterday's low. If it does not go straight up from here (which I expect, or should say, hope), I think that another entry point just around $290 is possible. Good luck with your swinging ways... By the way, the credit for JNPR should go to John Curtis, few months back he suggested it still under $200, and I have had few trips (all good so far) on it. He has some good stock ideas. As for VLNC, I thought I saw it yesterday just under $10.5, but hey, you can't win them all. Watch this one, it has some of the characteristics of ANCR (a "healed floorless" with very large potential markets) and if they do not screw up on yields, it could be as explosive. Zeev