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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 260.78+0.2%Dec 24 9:30 AM EST

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To: chomolungma who wrote (8534)1/21/2004 3:16:45 PM
From: BWAC  Read Replies (1) of 25522
 
So this is the beginning? Of the multiyear trend? Pile on.

I see it more as the beginning of the earnings trend justifying the current price. As the trend matures, price will turn lower long before earnings do.

2005 Puts are cheap to lock in profit. Then sit back and let these things double if they want to. No worries. A good trader (not me) might even be able to sell the top and set the Puts up to be mentally wrote off at zero only to magically come back in the money closer to expiration.
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