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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (4966)	1/23/2000 4:50:00 AM
From: Jimbo	Respond to of 24042

David - I agree I think it depends on the market sentiment. Probably best to have rolled it to Feb. Given earnings coming up may run some more and then the usually pullback (maybe). On this stock I don't know it has gotten so much press that it may continue to run !

To: Dr. David Gleitman who wrote (4966)	1/23/2000 9:31:00 AM
From: t2	Respond to of 24042

Dr. David Gleitman, I sold calls on JDSU a while ago. Sold the Dec 270s and got lucky that it did not get that far by expiration. Decided that this is one stock i don't want to do this on. Did the same thing with the one internet stock that i liked--Yahoo and lost out on about a 150 point move. However, Yahoo now may be a good covered call candidate (if i had shares) while i am more uncertain with JDSU. The only problem with a February correction guess is that Microsoft and Intel have already corrected about 10% off their highs. These stocks have a tendency to drive the index. If they start going up, the big Nasdaq selloff many are expecting may not happen. I agree on February might be the best opportunity to get in. Given we have a split in March and earnings in April, that leaves February for a possible pullback. The only problem with that thinking is whether many others have the same plan. Maybe lots of investors plan to sell February calls expecting a flat to down stock price. If that happens, we could get a gain in February as well. What if the S and P thing happens next month? The stock is likely to move up at the very least 10% (could be as high as 50% but i will be conservative). Therefore, i decided that i will hold through any correction. It is too hard to time this stock. I did not even mention big product announcements that could come any time messing up a trader's plans.