Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 254.72

+0.9%

Dec 1 3:59 PM EST

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To: Shoibal Datta who wrote (43983)	3/19/2001 8:50:53 PM
From: Jerome	Read Replies (1) of 70976

Shoibal......In this semi-equipment area, covered calls pose an interesting challenge this month. I believe that we ar in for a two day rally., and then another rally on Friday. The oversold condition lends itself to a two or three day rally. The Friday phenomenon is different this time because the sell off pattern is so obvious the past six weeks that many speculators will try to take advantage of it this week. When the BTB comes out on the 20th or the 21st of this month it is likely to be below a 100. This for no good reason will on CNBC with Maria and Pisani repeating it all day long with the usual negative lead in questions just prior to a commercial. This will not help the semi's much. Everything from ALTR to XLNX will be feeling the negative pressure. My plan is to write some covered calls tomorrow and some on Friday. I have a plan for every stock and every strike in this group. Now its just a matter of playing it out. Jerome

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