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


To: drenko who wrote (12933)11/8/2000 3:53:50 PM
From: RR  Read Replies (1) | Respond to of 65232
 
Hi Drenko: Hope all OK. Been awhile. I like JDSU, CIEN, EXTR, BEAS, BRCD and a bit of SDLI to play that 3.8 spread. Listed below are my holdings from a post last week. Not sure u saw it.

I'd look at calls that are 4-6 months out, in the money with a strike at about 80% of underlying stock price.

Good luck my Friend.

Rick
_____________________________
To: RR who wrote (9251)
From: RR Saturday, Oct 28, 2000 8:21 PM ET
Reply # of 12974

My end of week positions in order of holdings follow, if anyone interested:

1. JDSU - Bought more March calls. Stopped out of last Dec position.

2. EXTR - Bought more March calls. Stopped out of portion of March calls. Bought back in at lower level and added more.

3. CIEN - Bought more Jan calls.

4. QCOM - Leaps.

5. BRCD - Re-entered. Bought Jan and April calls.

6. BEAS - Bought more March calls.

RR Radar screen:

7. ITWO

8. RMBS

9. SDLI

Lots of buying opportunities this week. Even though I was stopped out of some of my calls, I preserved capital. Remember that is rule number 1. Then I bought back in at lower levels and added more. Believe this past week gave us a great chance to enter some positions that will have great returns going forward.

Have a great weekend my Friends. Take care and good luck.

RR