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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (1647)	4/14/2000 10:41:00 PM
From: Fred Gohlke	Respond to of 2882

Dawg, Would it be possible that there is more on Greenspan's horizon than the stock market? No doubt the market is more than a molehill to him, but I'm inclined to doubt that he has set his sights on you ... or even me. Could there be any merit in the view that current events are less the result of the ministrations of our illustrious FRB than on an overload on the lovely gossamer wings that have been supporting us? ADI is not exempt from the vagaries of the market. It is, however, a strong company with outstanding prospects. It has held its head up pretty well in the midst of the turmoil that surrounds us. This week's drop from $71.00 on Monday to $58 5/8 on Friday (about 20%) is pretty modest when compared with the majority of the market. The most likely effect of this (retracement)(retrenchment)(choose your own euphemism) is to create a few more long-term investors. Fred

To: Junkyardawg who wrote (1647)	4/17/2000 3:36:00 PM
From: Scrapps	Read Replies (1) \| Respond to of 2882

U.S. Options -Analog Devices vols jump as stock up CHICAGO, April 17 (Reuters) - Implied volatility in options of computer chip maker Analogue Devices Inc. (NYSE:ADI - news) popped up amid thin options turnover as the stock rose on Monday. Shares of Analogue Devices, the maker of computer chips that transform sound and video into digital data, were up 1-1/4 to 59-3/4, off its session high of 61-5/8, on New York Stock Exchange volume of about 2.5 million shares Monday afternoon. Implied volatility for the April 60 calls stood at around 103 percent to 104 percent, up 20 percent in value from last week, said an options trader at the Philadelphia Stock Exchange. ``Friday's downturn (in U.S. stocks) set us over the top into the 100s,' he said, commenting on the rise in implied volatility due to the free fall in the U.S. stock markets last week. Most of Monday's activity was outright put buying or customers buying calls and selling the stock, the trader added. ``There are no sellers of options out there. That is why they are so high, even out into May and June,' he said. One of the busiest options was the April 60 call on the Philadelphia Stock Exchange, which slipped 1-1/16 to 2-11/16 on combined exchange volume of about 170 contracts and open interest of 672 at 1:33 p.m. CDT (1833 GMT). Options volume has died down compared to the busy activity on Friday. ``It's very slow today. Everybody taking a breath before expiration on Thursday,' the trader said. April individual stock options will expire on Thursday because the markets will be closed Friday. About 587 calls and 154 puts changed hands across the Philadelphia Stock Exchange, the American Stock Exchange and Chicago Board Options Exchange early Monday afternoon. On Friday, 6,970 contracts traded, of which 1,556 were calls and 5,414 were puts, up from its recent average daily volume of 2,324 contracts.