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

To: Jill who wrote (1225)	6/2/2000 4:58:00 PM
From: t2	Read Replies (1) \| Respond to of 10876

Jill, Nokia shielded me from severe market declines as I had moved a lot of money in nokia and NT. After a while, i put more into NT, reducing NOK. Now it is still one of my top 5 (don't know how to factor in options holdings to determine the size of my position in the stock). I had no success with short term NOK options in May or April!!..but i am not going to give up. <g> Hold a considerable position July 50s, 60s and leaps. The fact that the options are cheap make them a good bet. All we need is one big contract announcement by the company and this stock could easily gain 4 or 5 dollars. The fact that they show no inflation is a good reason to buy them. Maybe leaps on NOK are also a good idea. I still think that once it breaks 60, it will keep going. I have not checked on my JDSU june calls... i think they are probably worth about $12.... bought for an average price of about $1.50. I bought the calls just as the SDLI gains along with ETEK shareholder vote hit. I would say I got lucky in a good market.