Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Mani1 who wrote (102009)	4/4/2000 6:45:00 PM
From: Petz	Read Replies (1) of 1578666

Mani,<Anyone had the balls to buy the HUGE dip?> Yes, but only because I sold at the peak. Then, at 3PM I sold some more. I got up a little late just as the NAZ was losing its early gain, prayed about it and when I opened my eyes decided I had to sell something. Then I saw AMD still up and that was the answer -- I sold 1/4 of my AMD April 55 calls at 9 7/8. I bought them back a little early (5 5/8) then sold my RMBS puts for a profit. I bought some more Trimble (TRMB) calls because this is a 30% growth rate tech stock with a 20 PE and the market was treating it like a 500-PE internet play. In the last hour I sold some more April 55 AMD calls at 7. I want to roll over to July and I'm not convinced that tech stocks, even AMD, are out of the woods yet. With AMD's recovery, I'm up on the day, have almost no margin debt now and have lowered my leverage on AMD. I'm ready to cover the AMD April 65 calls if there's a little weakness tomorrow AM. Then again, a have 5 more 55's than the 65's that are short, so I may just buy 500 shares if AMD rises past 65 by expiration. All in all, a great day, which I credit to the early trade. Petz

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