Lam Research (LRCX, NASDAQ): To the Insiders Message Board

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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 208.79

-2.6%

Jan 14 3:59 PM EST

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To: Proud_Infidel who wrote (4236)	7/30/2000 10:32:43 AM
From: Jerome	Read Replies (1) of 5867

Brian, I confine my frequent trading in an IRA account so that taxes are not part of the equation. This does make it easier. When entering a new position (or adding to a current position) such as KLIC or LRCX I immediately write a covered call against half of the new position as protection of a down slide. I bought some ASYT short time ago at 33 and wrote the Aug 35's. Now ASYT is at 24 so the swapping of trains as you put it landed me right between the tracks of both trains. FWIW KLIC is best covered call in this sector. A call 10 points out of the money is worth 2 to 3 with a month of time value. Cost Basis: How far back do you go with this kind of accounting? With KLIC if I use YTD trades my cost basis is 28. If I go back one full year it is 22. If I subtract the covered call premium for one year my cost basis is 18. If I go back three years my cost basis is 9. What is a realistic way of determining cost basis. My situation with LRCX and NVLS is about the same. I'm a train jumper (used to ride the rails when I was a teenager) I doubt if age or the lack of intelligence will cure me. Regards, Jerome

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