Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 327.03

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3:59 PM EST

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To: Sun Tzu who wrote (52690)	9/20/2001 6:40:43 PM
From: mitch-c	Read Replies (2) of 70976

And, on the subject of selling ... <g> A few weeks ago, I decided to replicate my slow-cycle BLS option score. I bought some Sep 40 calls at a quarter apiece. As of two weeks ago, they were sadly underwater. I had thought that they expired the third Saturday, thus last week; instead, they time out this Saturday (following the 3d Friday). Money seems to have flowed into BellSouth during this "crisis," and it has gone over 42. I sold the calls this week - half at $1.20, half at $2.00, for an ROI of 465% after costs. Time to go bottom-feeding. Lots of good ideas on the thread. - Mitch

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