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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 227.90+2.0%Jan 15 3:59 PM EST
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To: economaniack who wrote (159353)6/2/2005 3:19:11 PM
From: economaniackRead Replies (1) of 275872
 
Sold July 17 Covered Calls for .85 this morning.

Figured I'd make Elmer happy and post my trades.

Currently long Jan 06 10s, short July 17s

Long shares

For a bit of historical perspective,

I first bought AMD for $21 in 1999 and doubled down at $14 in October. Had a 401K roll over so a bunch of cash that bought a lot more at $36 (in all about 4000 shares). Held that (and about $20,000 worth of long calls that died worthless) through the peak sold some around $80 and the rest at $30+ after the split for a double.

Averaged in at the end of 2001 (around $12) and sold at $20 in Jan 02.

Averaged back in around $10 in Summer 02 and sold for $7.50 around the bottom (went all in on ATYT at $4.5 sold at 16.50 so that worked out OK).

Averaged back in last summer around $13 and bought Jan 06 10s for $3.30 in August. Sold it all (12,000 shares plus Nov 18 CCs on the leaps) for $18 on Nov 11 and watched the stock close at 21 the next day OUCH.

Been selling CCs against the leaps (up a couple dollars) since.

Bought at half at 14.75 after Q1 earnings and sold a week later for 15.75.

Bought half at $14.50 a month ago. Currently in AMD, ATYT and a tiny bit of LOUD.
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