Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 301.11

+6.9%

Jan 9 3:59 PM EST

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To: Tito L. Nisperos Jr. who wrote (11943)	12/13/1997 12:50:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) of 70976

To Anybody Who Bought AMAT LEAPs due to my Recommendations:--- So AMAT is now at the 20s. We guessed wrong when we bought in the 30s but that's not a sin; 2 years from now at the 100s and looking back, we would wonder why we did not buy more... Although our LEAPs lost so much value, we are not as distressed as the ones that played Short-Term Options; that's why LEAPs are a must for Options beginners...What can we do now? Well, add some more, but...you may want first to read the links below---they suggest how to Roll-over LEAPs, thus improving ones position. Don't be in a hurry (the stock might jump back to the 30s if Alan Greenspan suddenly cuts interest rates next week), just Roll-over little by little---in a 20 Call portfolio, maybe 5 LEAPs at a time, making sure we get as much discount as possible, no hurry since our LEAPs still have so much life in them... As for our Model Portfolio of 5 Calls of VPJAH,...we can Roll-over also to the 30 or to LPJ but we won't do that. This Demo is not about trading techniques. We will just leave it there for a while and Roll-over about 5 months before expiration. What we will do is sell another 100 shares later in the low 20s and buy the LPJAF (Jan '00 30). We can sell the stock now, hold to the proceeds then buy cheaply in the low 20s...but we won't do that in this demo, no clever trading techniques, let's just do it like we were caught unaware of the slide down of the stock... Message 2950021 Message 2952867

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