Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 341.36

+1.3%

3:59 PM EST

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To: Jacob Snyder who wrote (43893)	3/16/2001 5:13:00 PM
From: mitch-c	of 70976

ST trading Good thought on the label. Your ranges correspond closely to my mental ones - my (admittedly very unscientific) opinion is that 40 and 50 currently represent the 2-sigma points. I've been trying to pick the kinds of options that offer good returns on wide moves - usually short-term at-the-money or slightly out when AMAT hits those levels. (You caught a short cycle I didn't when it topped at 49 and change.) I kinda sweated last night - unsure what we'd see today. However, our short-term consensus seems to have held true (which means we're screwed next time ... <g>). What I'm doing options-wise is very (some would say insanely) risky. It has seemed to me that investing requires lots of time, money, risk, or combinations. I'm very comfortable with the classic "low-risk, long time, some money" LTBH approach; I've done that for years. I'm trying now to learn another pattern, leveraging small amounts of money in short-term, high-risk moves. - Mitch

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