Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 242.41

+5.0%

3:59 PM EST

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To: Ian@SI who wrote (45531)	4/18/2001 3:55:35 PM
From: mitch-c	Read Replies (2) of 70976

You're telling me ... I spent Easter and a few days after in the SF Bay area with family ... just walked into the 1-2 punches of Intel's news and the rate cut - as well as a "job security" day at work after two days off. (Server crash while upgrading; I had to repel boarders while we fixed it.) I had a GTC order in for my last ANQ DJ's at 4 that (obviously) executed today. In at 1/2, out a 4, haven't calculated the gain. I also dumped slightly less than half my AMAT shares at 54.75. (I expect and intend to buy them back at a discount from here.) I've put in some day-only orders; one is for cheap APR 50 puts. (I understand this is a high-risk thing to do!) Rationale - this is a bump, probably short-cover driven, based on two pieces of very good news (INTC call and rate cut). I figure we'll drop back to an equilibrium somewhat. The last APR Max-Pain point I looked at this morning was 45, so I expect some "central tendency" to drive the price down as well. (Using my loose estimates for Max-Pain, it predicts a Friday close between 42.5 and 47.5. However, I don't expect it to be as accurate due to the two highly influential perturbations today.) - Mitch

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