Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 302.58

+7.5%

3:53 PM EST

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To: Lee Penick who wrote (13536)	12/17/1997 9:27:00 PM
From: Tito L. Nisperos Jr.	Read Replies (2) of 70976

Lee, I sold my stocks and bought LEAPs (Jan '98 30) at 4/share when the stock was at 23, just above the bottom at 22 3/4. The LEAPs were worth more that 80/share 9 months later this Aug for a 1900% gain. Actually I began selling the LEAPs at 12 and sold the last at 23/share, using the proceeds in short-term Options---a move I did not regret because I gained more than 1900% in the process...Looking back, I could still have gotten a respectable return by taking a 9 month vacation instead of trading everyday...(If I used margin to double the shares, I would have gotten a mere 742% minus margin interests in that time frame)

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