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


To: RR who wrote (9485)10/24/2000 2:24:06 PM
From: Dealer  Respond to of 65232
 
EXTR.......We have another support at 82.........it looks like.

Whatcha say JW? We also have support of November and December........:-)

dealie



To: RR who wrote (9485)10/24/2000 2:28:04 PM
From: Nichols  Read Replies (1) | Respond to of 65232
 
Just bought EXTR @ 82. Sure to fall further, now.



To: RR who wrote (9485)10/24/2000 2:37:35 PM
From: im a survivor  Respond to of 65232
 
<<should it get into the 70's >>

Looks like it could be heading there right now.......

keith



To: RR who wrote (9485)10/25/2000 1:19:25 AM
From: RR  Read Replies (4) | Respond to of 65232
 
Any bulls on here? Hey, steady Troops. Lot of over reaction by the market. A lot of this is BS. Not sure how it will play out tomorrow... who knows after this NT report. But, I firmly believe that it would be a good time to buy some quality techs if you have some dry powder left in here when they start to turn around. Think 6 months out, not just tomorrow.

After thinking about this tonight, I'll be looking to add more EXTR, CIEN, and maybe JDSU calls if they bump down tomorrow or later this week. I wasn't going to add anymore EXTR or JDSU calls because I'm extremely heavy in those positions, but I changed my mind after looking at things tonight. JDSU is a question because JDSU reports Thursday and I'd rather wait until after that, but I'll have to wait and see what it does tomorrow. Staying flexible.

I mentioned weeks ago that I was not as concerned with the actual earnings reports as I was forward guidance. I think we can see now how unforgiving the market can be on that matter.

Anyway, hang in there. If you don't have to worry about a margin call nor have to sell for some other reason, then kick back and ride it out. Think longer term. I'm going to hold my option positions even though one of my positions in EXTR is sucking wind right now. My options are all next year so I have time and I believe my positions will rebound in fine shape by then. Consequently, I'm not setting my stops too tight tomorrow. I'll take the risk.

I'm on the road again. Out in Oklahoma tonight, presentation tomorrow, then Colorado tomorrow night for more business like last week until maybe this weekend. So, if you don't see me on here much in the next few days, I'll be lurking when I can.

Hang tough. Manage your emotions. Don't let fear get the better of you. Stay smart and steady.....

Good luck all.

RR