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Politics : Formerly About Applied Materials
AMAT 307.20+0.9%Jan 12 3:59 PM EST

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To: orkrious who wrote (60484)2/14/2002 12:05:49 AM
From: Jan Crawley  Read Replies (2) of 70976
 
Hi Ork, I am still holding the 1200 short-shares; but I do currently have a nice hedge - Message 16960297 (the post has an error, it's $11K for 13 puts).

I can see that you are in a tough spot dealing w/all three of them since mid-day last Friday...are you very well capitalized? Why take such serious risk?

I will most likely short a little more(such as 1K shares) tomorrow above $48/$49....I have a large trading portfolio and it's cash rich currently and I am more patient and careful.

My reason for shorting Amat close to $49/$50 is simple...it has a good short-term-risk-reward ratio. (I had an expired limit day short today @48.44)

Regards.
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