SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: RR who wrote (24503)12/12/2000 9:26:03 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
on the "JDSU thread" T2 informs us that Canadian index funds
will shed tons of JDSU stock by Thursday of this week
they may have started already in selling
yesterday seemed to show more weakness than warranted
I exited SDLI calls on Friday at 272-274
been patiently watching & waiting for cheaper prices
when it hit the 30dayMA at 248 or so, I began buying
spaced them out, not perfectly, but over a wide interval
its 18dayMA at 238 or so, we may find nice support
recent pre-TGvg buying support at 225-235 should also help

hoping for the best, expecting a one-legged Santa rally
giving it time with March calls
as opposed to last week, with riskier Jan calls

any interpretation you have on Canadian selling would be appreciated
those Cannucks have 1/15-th our population,
so their funds are much smaller
T2 claims that JDSU now is American owned, thus must exit

/ jim



To: RR who wrote (24503)12/12/2000 9:32:47 PM
From: Anthony Clement  Read Replies (1) | Respond to of 65232
 
RR

Somebody bought a 1000 JDSU June out of the money calls today If I remember correctly at a strike of approx 100 or 105. That wasn't a RR hammer move was it????

English Karen [the inquisitive one]

What is going on inside the Supreme Court??



To: RR who wrote (24503)12/12/2000 10:01:26 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
three resistance factors to Naz 3000
(third one just discovered)

1. 30dayMA is 3000, givey takey

2. two reversals at 3000, TGfriday heading down, midNov heading up

3. downtrend upper barrier from March and August

gonna take a real push to get thru
we backed up, and will push thru with greater momentum

/ Jim