Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Lachesis Atropos who wrote (36693)	4/8/2002 5:00:48 PM
From: Johnny Canuck	Respond to of 67992

The merger might mess up any move in AVNX. What strike and month did you pick. I don't see any activity except for the Sept 5's. Archive Headline 19-Mar-02 09:14 ET Avanex and Oplink enter merger agreement (AVNX) 4.33: Co and Oplink Communications (OPLK 1.731) sign a definitive agreement to combine in a strategic merger of equals. Under terms of the deal, Oplink stockholders will receive 0.405344 AVNX shares for each of their own (roughly $1.755 per share) and will own about 50% of the combined company.

To: Lachesis Atropos who wrote (36693)	4/8/2002 9:00:59 PM
From: j g cordes	Read Replies (2) \| Respond to of 67992

Lachesis, why AVNX? Options usually play better with higher activity (smaller spreads getting in an out), stocks with good beta and higher prices where you know they'll be an appreciable move.. ie leverage. For example IBM's options track the stock well, have a small spread, trade in volume.. thus the TA of the stock translates and leverages well to stock price moves. I've been looking at PFE as a possible candidate because BMY and other sad stories in the sector have dragged it down Today's Naz action was encouraging in the face of IBM's haircut. But regarding AVNX it is testing a triple bottom and last May was a depression rally off early Apr lows.. hopefully that pattern will hold this year for a run to 7+ (why not :~)