Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 281.26

-3.7%

11:58 AM EST

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To: Sam Citron who wrote (53229)	9/26/2001 4:33:11 PM
From: Sun Tzu	Read Replies (2) of 70976

I like to think of stocks as being in a trading band. As I said, I give it even chance that XLNX will go to 17 by year's end. So if I can get 17 for it right now, why should I hold on for the last drop? On the other hand, it is likely to bounce up a bit from here. But seeing how we are in a bear market, I see the up side limited and the funds from the Options trade should make up for it. Now if I actually become a firm believer that XLNX will not go below 20, then I will close the short position and leave the option naked. ST PS you are right, unless they make a bad announcement which seems to be what the stock is saying, 20 should put up a fight. PPS I've been more positive on BRCM. So I closed 3000 of the short positions and treated the other 2000 same as XLNX.

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