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Politics : Formerly About Applied Materials
AMAT 322.73+6.1%Feb 6 3:59 PM EST

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To: mitch-c who wrote (46793)5/15/2001 10:05:50 PM
From: Jerome  Read Replies (2) of 70976
 
Mitch-C Your plan looks highly workable. Exactly which options are you buying or selling with the expectation that AMAT's price will fall?

First of all I don't think that AMAT's price will fall to the 45 to 47 rage by Friday. Other tech companies (INTC CSCO) reported a much poorer outlook and the stocks are up from the earnings announcement.

If I felt that AMAT would fall below 50 in the next three days I would be selling the May 50's or the June 55's the very first thing tomorrow morning.

Currently I 'm Short AMAT and NVLS for May at the 55 strike, as well as LRCX at the 30 strike.

Its nice of You to post your strategy..... we can all learn a few things.

Regards, Jerome
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