Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 304.08

+2.2%

3:59 PM EST

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To: Charles Skeen who wrote (30584)	5/25/1999 7:37:00 PM
From: Jerome	of 70976

"Amat has fallen from 67 to 55 in four days" This what makes AMAT such a great covered call write. The June 65's (ANQFM) closed at 7/8 by 1 1/8. Amazing the stock is almost 10 points out of the money and only 14 trading days till options expire and the call has significant value. The strategy here would be to undo the covered calls written last week and hope for another spike up in the next week. I believe that the tech stocks will not rally until some of the additional air is let out of the internet stocks. Suddenly tech stocks have become a dirty word. Somehow we are all passengers on this NASDAQ train and one of the cars ahead of us have derailed and we all know the rest of the story. Good Luck, Jerome

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