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Politics : Formerly About Applied Materials
AMAT 232.46-1.2%11:39 AM EST

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To: Gottfried who wrote (54819)10/30/2001 3:00:03 PM
From: Jerome  Read Replies (4) of 70976
 
Gottfried/Kirk...didn't we establish an off topic thread for these personal attacks. Now we'll have to start a "AMAT, I hate Ian thread" (bg)...so many threads...so little time

Kirk, You mentioned the idea of buying LRCX under $20.00 a share. In my opinion its a decent play...considering todays market. I Thought that your sell limit of about $30.00 was on the high side...but its a matter of personal perspective.

Thread Question....Which would be the better choice
1) Buy LRCX $20.00 and write a covered call against it immediately and get $1.80 for the call (20...strike)...or wait until LRCX gets to 18.50 then buy it and take .90 for the covered call?
Kirk, I have played with this math problem for months and have yet to come to a solid conclusion.

Other opinions encouraged. Note...the 18.50 price represents a falling knife while the 20 price represents...take what you can get.

Regards, Jerome
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