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Politics : Formerly About Applied Materials

AMAT 228.68

-2.7%

Nov 11 3:59 PM EST

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To: Jacob Snyder who wrote (24875)	10/6/1998 11:48:00 AM
From: Tito L. Nisperos Jr.	Read Replies (2) of 70976

Hi Jacob, Since you have already found the answers on how they price Options from some helpful people in this thread, I 'll just come to say you got the Right Move in buying those LEAPs. We as human beings are trapped in this planet experiencing night and day because of the way the earth rotate on its axis facing the sun. We can not do anything about it but expect that after the night is over comes the day; and when the day is done comes the night... Thru experience as investor, you get the feeling that sometime later the Market bottoms and go on to hit new highs and new highs until it turns around to seek the bottom again... When you bought your first 100 LEAPs for 6/sh you based your decision on your experience that night will later turn to day. You bought another 100 at 4/sh knowing that the LEAPs could easily go back to 6/sh in a day or two of Market turnaround and make a quick profit on your latest investment... We know from experience that the Market after a decline that last a year retraces its step Up for about a year also. AMAT, like most Silicon Valley stocks goes back Up to hit new highs (is it a coincidence that AMAT's trading range in this Sep and Oct is at 23 to 28 --- almost the same as in Sep and Oct at the bottom in 1996?)... With more than 2 years life in your LEAPs I'm almost 100 percently sure that you will make a lot of money with your LEAPs more or less a year from now... When at the bottom in summer 1996 I bought those 4/sh LEAPs that became 80/sh LEAPs 9 months later, my decision was based on the knowledge that night will always turn to day later; and I was right. PEs and bad market conditions were put aside in favor of life experiences... I'm wishing you Good Luck in your LEAPs even if I'm sure you will surely attain your goal. (isn't more than 2 years too cautious? But then I know you are a man who wants all risk reduced to a little or none at all!...)...

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