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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (8295)	7/13/2002 2:24:56 PM
From: Augustus Gloop	Read Replies (2) of 17639

As I see it you could stay short AMAT all the way to 21 and still feel "OK" about the selection. Thats only 10% downside AND we know that they could try and ramp it at some point for options week. With that in mind a print of 20 or 21 isn't impossible but it wouldn't change the chart - this thing is going down. The other cool thing about AMAT is its a stock that you want to own long at some point so its possible to short it at 19, ride it to 13 and then cover and go long. If you view the trades as 1, then by buying it at 13 you can really view your cost basis as 7 since you made 6 on the downside. Would you mind owning AMAT at 7? I wouldn't. That is a LTBH stock and at 7 its a damn good bet that you'll be right!

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