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Politics : Formerly About Applied Materials
AMAT 322.22-1.9%10:12 AM EST

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To: Lionel Freiberg who wrote (33269)11/18/1999 12:25:00 PM
From: Tito L. Nisperos Jr.   of 70976
 
Lionel,

Sorry, I don't know of any Book or source of Info about LEAP Strategies. Mine is Self-Taught.

If you ask me. here's how I do it. This is only for AMAT: ---

First and Foremost, I ask myself if AMAT is going to go Up in price to a certain level that the Call LEAP I buy could be sold for a profit later; (last year I assumed the stock will rise to over 100 anytime this year)

Second, I look for a LEAP whose expiration price is slightly higher than the expected LOW the stock is going to go. (I selected the former LEAP now renamed ANQAF Jan '00 30 expecting to duplicate the feat I did when in the previous Bull Market I bought a LEAP that grew from 4 to 80 dollars).

As you can see my strategy is simple.

Good Luck!

Tito

PS: --- The LEAP I selected at about 4 dollars per share one year ago was worth at least 83 dollars per share yesterday when AMAT hit an All-Time-High of 113 1/2 (with still 2 months to spare).

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