Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.400

+2.6%

Nov 7 9:30 AM EST

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To: Jonathan Bird who wrote (11227)	1/15/1998 5:17:00 PM
From: Greg Jung	Read Replies (1) of 12298

I saw 3com go down and richly reward the put holders and it richly rewarded the call buyers in June. At expire day I think the effect really just pegs it to the nearest strike, since lately the options players have been unwinding well before the friday. I've already bailed in November (at 17 5/8 Thu prior to expiration), 1/2 of position, and 1/2 of Cymer position in December. My margin can take APM now wherever it goes provided the rest hold up, and I'll be putting money in to go debt-free and forget abouts stocks for another decade. On the brighter side, I can earn $3,000 more each year for a while without advancing my tax bracket! The tax bite hurts this year because of my 1000% coms gain (against late-year losses). Greg

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