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


To: RR who wrote (3239)9/23/2000 5:30:16 PM
From: Cactus Jack  Read Replies (1) | Respond to of 65232
 
RR (Rick),

Re: EXTR, for what its worth,

The volume on up days continues to be higher than volume on down days, and we haven't seen anything remotely approaching a blowoff top yet. We may get some short term profit taking, but absent a change of story or Nasdaq meltdown, I'll be buying more calls.

jpgill



To: RR who wrote (3239)9/23/2000 8:23:51 PM
From: freeus  Read Replies (1) | Respond to of 65232
 
Sounds interesting: how long do you keep calls and leaps: do you have a specific % profit you go for and then out?
I looked at the exrlt, Dec 100 Extr, was 19 1/2 when I left for the dentist put in a limit order to buy at 20 1/4!!!! came back to find they did not execute and were up near 40!!!!
Mar 100 looked good too.
Maybe next week when we get a pull back...except the pullback in EXTR may be so short you'll blink and miss it!
Freeus



To: RR who wrote (3239)9/29/2000 8:52:48 PM
From: RR  Respond to of 65232
 
My end of week positions in order of holdings follow, if anyone interested:

1. JDSU - Dec and March calls. Got stopped out on some Dec calls. Protect capital rule 1.

2. EXTR - Bought more March calls.

3. CIEN - Re-entered. Bought Jan calls.

4. QCOM - Leaps.

5. RMBS - Jan calls.

RR Radar screen:

6. BRCD - Closed Jan calls.

7. ITWO

8. BEAS

The pullback in EXTR came as expected. Hope all got a good deal if that was one you were trying to enter.

Hope everyone has a super weekend. Take care.

RR