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

To: Jill who wrote (1633)	1/24/2000 7:29:00 PM
From: steve mamus	Respond to of 8096

OTOT How about Corning (GLW) folks?? as a surrogate JDSU play. They have a good CEO, good earnings, looked at option chains not bad. I have played this pup off and on for a year looks like time to pile back in at some point...I don't have a fettish for Corning ware (I believe they sold it) - there into the fiberoptic play, recently made 2 acquisitions including Seimens interest in this area (I believe a 1.5 billion dollar play - I'm too lazy to recheck the numbers). Steve

To: Jill who wrote (1633)	1/24/2000 8:00:00 PM
From: Vendit™	Respond to of 8096

Re: JDSU support and resistance and likely short term direction. JDSU like most of the other tech leaders will take their lead from the NASDAQ which I expect to continue to sell off some more at Tuesday's open. The NASDAQ has nice support at about 3950 but this does not mean that the COMPX will reach that level. Based on the index closing at a daily low I'm short term market bearish. Addressing your JDSU question I do think JDSU will stagger again in the morning depending on the direction of the futures markets which I expect to be down. (Just guessing) With that said here is the JDSU chart. askresearch.com In the above chart there are several negative indications but no real confirmed sell signals yet. Just glancing at the chart I see firm lower support at $210. First upper resistance at $243. The following are upper and lower support levels. Trending up $243 $248 ½ Trending down $210 $199 ½ $189 15/16 $180 $150 (very extreme sell off to make this) Bottom line is I think the $200 level is doable in a down NAZ tomorrow. Watch the naz closely as it is key. All IMHO Ps: Jill I don't follow the thread as closely as I would like to because of my time limitations. Please post directly to me if you are wanting my 2 cents :8-), otherwise I may not see your question my friend. Thanks again for the thread and I think you and Poet make a wonderful team. Reid

To: Jill who wrote (1633)	1/24/2000 9:27:00 PM
From: Bridge Player	Read Replies (1) \| Respond to of 8096

<< I also want to buy calls tomorrow, but unfortunately the Septs are not out on the Dreyfus chain. I'll call Fidelity tomorrow and see if they are out. They were supposed to come out today, right? >> The JDSU September options traded today under the symbol UCQ for the Sep 2000 200 thru 280 strikes, and under the symbol YSU for the Sep 2000 290 and 300 strikes. Of these 11 strikes, 9 of them had calls trade today, 1/24/2000, and 2 had puts trade. Total volume was 295 calls and 15 puts. Source for above, Schwab's website. BP