Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 319.11

+5.7%

Jan 15 3:59 PM EST

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To: VinWood who wrote (11099)	11/15/1997 9:45:00 PM
From: Lee Penick	Read Replies (3) of 70976

Regards - Re:"this could be an astronomical amount of $$$ after just a few cycles" Looks like you've discovered the Treasure of the Sierra Madre. Take a look at the COMS LEAP for Jan '99,strike $50. In July people were paying $14 for it. Today you can buy it for $.50. Do you think it will recover by January so you can roll it to the '99 for $10? If I was you I would check how many LEAPS expire worthless before I got too excited. vince, I'm glad someone finally said this. You could buy a one year leap for 33% of the stock price if it is at the money. That is an expensive gamble, may work, or you may lose it all and then not even own the stock! I have a hard time paying 33% for an option. I think I would rather buy it in the low 30's, and sell a leap at 40. Make a nice premium and get a nice capital gain if it gets called at 40! I won't get rich....well at least not the first year or two. Bears make money, and Bull make money, but Pigs,.....you've heard it before, I'll spare you. Lee

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