Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Jacob Snyder who wrote (13279)	12/14/1997 8:55:00 PM
From: Tito L. Nisperos Jr.	Read Replies (2) of 70976

Jacob, I run out of ideas, I'll Post if I have another...One thing I want to do more often is to use LEAP Puts to protect the LEAP Calls or Short the stock in times of uncertainty; if the stock does go down to a certain level and then I get a feeling that the stock is going to retrace its way up, then I sell the Put or cover the Short and collect the profit to lower my Cost somewhat...The proceeds of the Short, by the way is real cash, it earns about 5% interest per year in a sweep account---it's like borrowing the 100% equity of my stock at Zero interest and use the money to earn 5% interest...One drawback is that I'll be missing the run to the upside if I'm not quick enough to cover the short...Thus, this strategy should be used sparingly by anyone...

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