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Politics : Formerly About Applied Materials
AMAT 257.48-1.5%12:50 PM EST

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To: Gottfried who wrote (54383)10/22/2001 12:24:21 AM
From: Jerome  Read Replies (1) of 70976
 
>>>The Monday Plan<<< even though no one asked....

Some cash got freed up because some of my positions on CSCO, DELL, ORCL, and FLEX got called out.

So here's the plan... Monday will start off as a nice down day...tradition you know. and I will have some buy orders in on ORCL at 14 or under. Likewise the following look good....LRCX under 17, NVLS under 28 and, AMAT under 27 1/2...If this hand gets filled and if the downtrend continues on Tuesday I will write some covered calls at the nearest strike (to the purchase price).

Last week we saw a rise in stock prices on nothing but bad news. I don't expect the same this week. This week reality sets in. A downward trend that will be helped by the BTB due out Monday or Tuesday. Some will say that all this news is factored into the current market prices....I have my doubts...what we have seen thus far is panic that follows euphoria.... last week we had the euphoria now its panic time...

Like I said...no one asked ...but I still need a plan...

Regards, Jerome
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