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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (23570)	6/25/2000 4:26:00 AM
From: RR	Read Replies (1) \| Respond to of 35685

Been studying. My view on the market and some positions follows FWIW: Still think we are going to have a good week. Think we should be looking for deals in here. I'm hoping for a cooperating NAZ for a couple of weeks. Go baby. After that, hum, like I said last weekend, I'm going to get skiddish starting in the later part of July and especially August. JDSU..... options still look great to me. JDSU is a buy in here but sure needs to hold. Would think the ETEK news will help it hold. Wish it reported like the second or third week of July instead of the fourth. I'm going to be quick to take profits on my Sept calls if it runs good the next two weeks. CREE.... chart doesn't look pretty but I've not been really worried about it. Low float, volatile, could jump back quickly and it's due to. Story on this one seems to get better all the time. SDLI..... still want to re-enter. Looked at it a lot today and tonight. Am going to work hard at finding a position in this one again. Not going to chase it, however. If I do enter, I won't stay long. NTAP..... gave a lot of consideration to NTAP options tonight, but, frankly, don't see any better deals than my ole trusty JDSU options, so I'll just stay with JDSU and my risky concentration of assets play. But, NTAP, will stay on my radar screen. BRCD.... also on my radar screen but options are pricey that I was looking at tonight. Will wait. RMBS.... did a lot of looking at RMBS today and tonight. Not ready to enter it but am going to watch it. If it turns into a QCOM/JDSU like run of last year, don't want to miss the ride. I'm not ready yet, though, and have some concern that the profit takers will eat it alive at the first sign of something negative about it or the market. May have to wait several weeks for this to unfold. I have not found anything to make me change my positions, strategy, or opinion of the market. Believe we will have a reasonably good earnings run season in July. The NAZ will zig/zag upward, met with sellers along the way. Let's get the FOMC out of the way and run to the 4th! Then see where we are. Stay flexible. One last thing, I won't hesitate one single minute to take everything off the table and go to cash, then laugh all the way to the bank, if I suddenly feel uneasy about the market. Yes, I'd even close my low basis options positions in all my JDSU that I love so much! I will beat the market. So, I'd challenge you to get your trades ready, and seize any opportunity if it presents itself this week. Target shoot. Try to make it come to you. Be smart. Be aggressive, but have patience, and EXECUTE. It's almost 3:30 a.m. I'm pooped. Good luck Friends. RR