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Politics : Formerly About Advanced Micro Devices
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To: Epinephrine who wrote (94992)2/24/2000 3:49:00 PM
From: kash johal  Read Replies (1) of 1574437
 
Epinephrine,

Re:AMD bullish

Yes, I am VERY bullish on AMD on a relative basis with its peers such as INTC.

I am concerned about the overall market risks.

I sold july 45 calls to cover my position. The premium of $8 or so was very attractive.

If the market dumps big time i will buy them back.
If the AMD price stays about where it is then i'll buy calls as we get close to earnnings.

Of course there could be a sudden splurge on news which would limit my gains.

But $53 a share is not such a bad exit <VBG>.

regards,

Kash
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