Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.17

-1.4%

Nov 7 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (33650)	1/11/2000 3:18:00 PM
From: Jacob Snyder	Read Replies (5) of 70976

Sold my remaining 100 contracts of ZNLAT today (Jan. 2001 AMAT calls, 40s). Bought them on 10/5/98 for 3.875, sold them on 1/11/00 for 90. And the money I took out of AMAT in January 1999, went into out-of-the-money LEAPs in SAP. That stock has gone from 24 to 60 in the 10 months I've held those LEAPs. Just calculated my 1999 returns. I had a (pretax) return on investment of 138%. That includes losing almost the entire value of those QQQ puts (15% of my portfolio when I bought them, and I still hold them today). I'm now: 65% cash 20% foreign stock (SAP) 10% U.S. value stocks/LEAPs (CMH, BSX, WPI) 5% QQQ puts (and thinking of buying more) 0% U.S. tech stocks If the Nasdaq has another 80% runup in 2000, I'll be watching from the sidelines. I know most of the regular posters on this thread think I'm an arrogant idiot. But just remember that I'm a rich arrogant idiot, and my money is in a safe place.

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