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Politics : Formerly About Applied Materials
AMAT 301.88-1.0%3:59 PM EST

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To: Sun Tzu who wrote (53230)9/26/2001 5:30:15 PM
From: Sam Citron  Read Replies (1) of 70976
 
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?

I don't understand the logic. You can get 21.64 for it right now, so if you think it's going to 17, why not add to your short rather than pledging to support it at 17 by selling the 20 puts at 3? Do you see 17 as the bottom? Or are you intending to take profits on the naked option position on a minor bounce up from here?
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