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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Doc Bones who wrote (13390)	9/5/2001 8:56:01 AM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Good morning Doc, good point with support argument in QQQ Dec puts. I'll probably sell Dec 30 puts and use the proceeds to buy Dec 40 calls. JNIC warns. JNI Corp (JNIC) 5.85: Supplier of fibre channel host bus adapters for the enterprise storage market warns that Q3 (Sep) will see a loss in the range of $0.03-0.06 per share vs First Call consensus of $0.02; CEO said, "We continue to introduce new technology into the market and gain advantage from some market dynamics like the Sun/HDS alliance, but the current economic malaise and challenges faced by our partners more than offset these positive events."; see press release. Regards, Tom