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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (11789)	3/30/1999 2:47:00 PM
From: Redhook	Read Replies (1) \| Respond to of 43080

Watch here for a bounce on NETA Currently 30 x 30 1/16 <edit> Bought some at 30 1/16

To: Susan Saline who wrote (11789)	3/30/1999 3:14:00 PM
From: SpecialK	Respond to of 43080

FIBR hit 27 today, seems their is interest in their netsilicon division, they plan to spin it off, yet another backdoor play. I followed FIBR last year when it was down at 3-5 bucks, who knew? It reminds me of MRVC, an oldie, which is down near 6 these days from near 40 awhile back. They have similar products in the IP, WAN area. $2 in cash, $9 in sales, new products rolling out soon. This is a bit long-term play. Medium term play is GIC, at 30, expect 40 and higher in 2 months. Shorter term play, CHKP, at 43, acting very positive recently, support at 40, stop just below. expect it to head back to highs of close to 60. Timeframe 4-6 weeks. ? 770 calls playing here today for April 55s at 1/16 to 5/16, traded at 3/8. obviously someone sold, someone bought, for the buyer, it's $25,000 spent. The stock would have to rise up to 55 1/2 in 2 1/2 weeks to break even. I don't get it.