Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 285.59

-2.3%

9:45 AM EST

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To: Sampat Saraf who wrote (52616)	9/20/2001 1:06:50 PM
From: Jacob Snyder	of 70976

quotes from all exchanges are at: quote.cboe.com Slow download (get a cable modem). It's important to look at them all, as quotes can vary significantly from exchange to exchange. And they are only approximations of what the market maker is actually willing to sell or buy them at. I frequently can get them to split the spread with me. Also, I frequently see them give me a few contracts (4 to 8), and then raise the quoted ask by .1 or so. They will play these games, even when the underlying stock hasn't moved. Caveat emptor. I will be buying the stock, down to 25. In the low 20s, I will start thinking about LPJAH =04C40. These are the lowest strike price currently available. I will consider the 35s or 30s instead of the 40s, when they become available. IMO, LEAPs are a poor risk/reward, until the stock is low enough that an investor is confident of a doubling in the stock, over the holding period for the LEAP. IMO, we aren't there yet.

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