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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (2746)	9/21/2000 1:12:42 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Lehman Brothers Comments for LSI, BBBY, ISIL, VRTS, EXTR and TGT By: Lehman Brothers 9/21/00 7:04:19 AM Morning Meeting: <snip> Extreme Networks(EXTR) 1 - Buy Expect Strong 1Q01 Results ·We believe Extreme Networks is likely to post strong 1Q01 results with revenues likely to exceed our estimate of $109 M. Strong demand for the high end Black Diamond modular switch as well as improving contributions from the newly launched Alpine product is likely to provide upside to the quarter and improving visibility into 2Q01. · Gross margins are also likely to improve with the company winding down its discounting program to ex-3com customers. We look for g.m.’s of 51% vs. the prior quarter of 50.0%. <snip> cnetinvestor.com Ö¿Ö

To: RR who wrote (2746)	9/21/2000 1:14:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

Porch Would like to get any comments on a move just made. Sold some shares of SSTI. Locked in a nice profit. Remaining shares are free, or very close to it. Took proceeds and bought ssti jan calls with 30 and 35 strike's. Knocked a few bucks off margin at the same time. So< i locked in profit on ssti previously bought, but now control more shares, and knocked a few dollars off of margin. I would assume, as long as ssti is higher in january, it was a good move....lower and it was not. Comments anyone ??? Additionally, I am looking to do the same with one or 2 other stocks....mainly jdsu right now. I could sell, double up with calls and eliminate a nice chunk of that dreaded margin......any ideas on what months and strikes to look at with jdsu would be appreciated. Keith@anotherdayinaweirdandwonderfulmarket.com