To Anybody Who Bought AMAT LEAPs due to my Recommendations:---
Good Intentions are sometimes viewed as Bad. I'm not saying that people have already accused me of running a Scam in this thread:---a "Too Good to Be True" scheme, a "Get Rich Quick" scheme or a Cult to take advantage of the "Faithful". Maybe I'm close to be branded as such now; maybe it's my fault also because sometimes, to inject humor, I utter such words as "...to those who believe in me..." and "...AMAT 'converts' among friends..." etc...We have heard the valid arguments of those against LEAPs, including those who lost in the game. You have heard also the success I made in LEAPs, so it's up to you,... you can quit now and take your profits. If you bought say 5 Calls of the VPJAH Jan '99 40 LEAP at 6/share when the stock was at 29 (by selling 100 of your shares and adding a couple of 100 dollars for commissions, etc.), then you may want to take profits now, while the stock is at 35,--- of about 1K, for a 33% gain. The stock all the while would be gaining 600 dollars from 29 to 35.
It's up to you, should you quit and just treat your experience in buying LEAPs as a Bad Dream (before it becomes a Nightmare) or wait some more for the stock to go up?...I'll Update you again when the stock hits 40, 50 and so on...using VPJAH Jan '99 LEAP Calls bought at 6/share ( when the stock was at 29) as an example...I guess I have the duty to guide Newcomers so that they will not unnecessarily lose in Options--- by using LEAPs... |
