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Politics : Formerly About Applied Materials
AMAT 301.88-1.0%Jan 14 3:59 PM EST

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To: Michael R who wrote (11088)11/14/1997 6:05:00 PM
From: Tito L. Nisperos Jr.  Read Replies (3) of 70976
 
Michael, if only we have a 10 yr LEAP!...Actually we can simulate one by Rolling Over our LEAP investment every year,--- say getting the 1999 now then selling and replacing it with a 2000 in Aug '98, 5 to 6 months before the 1999 expire, and so on; then we can have the continuity desired in our investment. We can even lower our cost by buying additional LEAPs at times when we are certain the stock hits a bottom in a given year and selling them when we think the stock is way ahead of its fundamentals. We can not guess with exact precision the Bottoms and the Tops but at least we can take advantage in a certain degree the volatility to lower our cost (I personally think we will have sharp drops at least every year considering that we are invested in a Global stock in an increasingly Global economy susceptible to Global events)...
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