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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (1510)	1/23/2000 3:24:00 PM
From: James C. Mc Gowan	Respond to of 8096

ETEK calls; bought Feb145's on Tuesday AM at 46; I had read about the buyout by JDSU on Monday and the Canadian market, which did trade on Martin Luther King Day, liked the deal. Got up to late(here on Left Coast, always a challenge in AM) to get best price, but happy with them now trading in high 70's, and as high as 90's prior to Fridays options expiry shenanigans. If the June JDSU's are as far out as one can currently go, the July ETEK's look ok at these prices. May see a run going into earnings for JDSU on Wednesday; should be spectacular, and guidance at cc will be to the moon! As someone else mentioned, just look at OCLI to see where ETEK is headed, as to closing the gap. Regards, James P.S.: Jill, thanks again to you and Poet for setting up and keeping this thread up. I see it as an ideal adjunct to Gorilla investing; the options on Gorillas are the difference btw 600% returns in my cash account last year vs. 240% in my Keo. EDIT: thanks Bridge Player for Sept JDSU news