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Politics : Formerly About Applied Materials
AMAT 259.21-4.0%Dec 12 9:30 AM EST

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To: Jacob Snyder who wrote (61625)3/7/2002 10:17:09 AM
From: kdavy  Read Replies (1) of 70976
 
Jacob: As a trader, I have a great experience of buying too early and selling too early, and missing big runs. But in the end I have lucky, I do come home with money. My targets follow the strategy, I had been following for a while.

For example, I will buy Jan 2000 50 or 55 leaps when amat hits 47
I will buy 50% equivalent ( of the calls) shares when amat hits 45
and remaining 50% amat when it hits 43 and then sleep for a few days.

I think we may not have much of a downside for mxim and lltc.

I will very happy to buy mxim at 50 and lltc at 40 which I am not sure I will see. Therefore, I may start nibbling sooner.

Altr: will start nibbling at 21 all the way to 19.

In the mean time I will try some scalping (with apologies to AD)

Kdavy

PS: I am getting interested in emc, I have never bought this stock. what is a better strategy to sell puts at 10 or by leaps now.

PPS: Does anyone think it is wise to sell amat july 55 calls ( ~5.00) and sell amat july 50 puts ( 5.70) That will cover a range of 40 to 60 for safety beyond that it could be dangerous.
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