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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (10589)	4/23/2001 4:26:37 PM
From: John Pitera	Read Replies (2) \| Respond to of 10876

I sold my puts earlier, just rolled down a couple of strikes and bought a larger position. SPX bounced a bit in the last ten minutes. interesting....I went out kind of flattish..... Cramer was touting CHKP as he thinks the EPS numbers will look good ....I did not do anything.. wow JDSU with special morning call tomorrow and theis was after this rumor today 15:47 ET Rumor Mill : "Pushout" is the word of the afternoon. At least two rumors circulating in the market involving pushouts of large orders. The first involves storage management software company Veritas (VRTS 58.20 -9.16); second name mentioned is JDS Uniphase (JDSU 23.92 -4.61), which is said to be experiencing an order delay from Ciena (CIEN 60.42 -6.67)... Possible that investors/traders looking for explanation beyond the obvious one -- profit-taking -- to explain weakness in tech and select names today.