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

To: DiB who wrote (35983)	4/18/2001 6:21:35 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

NEWP's FA looks solid long term. Good quarterly report & forward guidance looks to make their forward P/E quite reasonable. I'm sure it will continue to be volitale as will the market. I'm attempting to play that volatility for $$$. Also have JNPR, SEBL, BEAS, RMBS, QCOM, CREE, & CIEN on my radar screen. RE: NEWP - I had covered NEWP last week with the MAY 25's (NZZEE). A few days later, I uncovered the options for a loss of $5.8/share, but a $3k net gain overall (on paper). JNPR's quarterly report was strong enough, the NAZ was looking strong & NEWP had guided the market upward recently, so I was willing to risk that move. I turned right around & sold the April $35's (NZZDG) for $4.20. Yesterday, I bought them back for $1.1. Finally I got something right! I sold part of these shares @ $42.40 in AH today along with 200 shares I bought today (@ $38.25). I'm looking to buy them all back tomorrow on any weakness. I plan on using CC writing/buying back to generate some $$ & as a hedge against weakness in the market, etc. Gee it's good to make a few bucks & have your account equity go up too. OOF Ö¿Ö