Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Big Bucks who wrote (17179)	3/5/1998 9:19:00 PM
From: Steve Byers	Read Replies (1) of 70976

agree with the cautious approach, got out 2-3 weeks ago between 36 and 38... even went a little short at 38, then sold april calls 35's at $4... closed out the calls today at 1 3/4 and will look to cover my short around 32 and begin to buy some in there, keeping lots of room for below 30 if it happens again, sounds to me like there just COULD be alot of firms out there who now may want to jump in with THE BIG INTEL and warn of a lower quarter, even if to protect the second quarter results some... seen "that" happen before, loads of times, managing expectations and since there is already dad news in the market, why not give in to it too, because if you don't , you won't get credit now for better than expected earnings if you HIT your target... so why not save some of the earnings stream for the "next" quarter... just my humble opinion...

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