Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 242.41

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3:59 PM EST

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To: Gottfried who wrote (19007)	5/21/2006 7:16:27 AM
From: Jerome	Read Replies (1) of 25522

Technical Problem with the semi's as covered calls. Looking at the charts of AMAT, NVLS, KLAC, INTC, LLTC, MXIM, and XLNX it become apparent that all of these look like they just fell off a tall curb. Now all of this tall curb syndrome is a result of the recent market sell off. Taking these stocks at Friday's close and then going to the next highest strike you can see that the premium pickings are slim indeed. Since they tend to rise and fall as a group I would not consider the technical benefits of one over the other.That I would leave to the technical experts on this thread like Brian, Gottfried and Ian. On a good day I can tell the difference between a wafer and a waffle. I have positions in almost all of these stocks. (disclosure). AMAT, closed at 17.00 and the June 18's are worth .25 x .30. KLAC, closed at 45.24 and the June 50's are worth .20 x .30 NVLS, closed at 23.71 and the June 25's are worth .30 x .40 INTC, closed at 18.37 and the june 20's are worth .15 x .20 But some other techs to consider are the following LLTC closed at 34.79 and the June 35's are worth .80 x .90 MXIM closed at 32.79 and the June 35's are worth .40 x .50 XLNX closed at 27.10 and the June 27 1/2's are worth .75 x .80 MU closed at 15.77 and the June 16's are worth .50 x .60 GM closed at 24.68 and the June 25's are worth 1.25 x 1.35 Note that GM is off the curb and back on the sidewalk. My analysis for covered calls this week would be to use MU and XLNX for positions . And a little bit of GM. Since the object is to make money that's where I will be. If an investor is going to take the risk having his stock called away, he (or she) should be properly paid for it. Other suggestions welcome. JMO...Jerome

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