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Politics : Formerly About Applied Materials
AMAT 220.28-6.4%3:59 PM EST

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To: stockycd who wrote (25928)11/4/1998 1:21:00 PM
From: Jacob Snyder  Read Replies (1) of 70976
 
resistance at: (says the worried bear):

35 amat
40 nvls
35 klac
17 klic
25 asmlf
13 cymi

nvls, asmlf, and cymi have doubled off their lows of 10/8. The others are up over 50%. I've run out of things to sell into this rally. I'm looking at buying nvls puts June 35s. If I had more courage or less sense I'd short klic or cymi.

disclosure: this wisdom brought to you by an investor who started buying nvls puts when the stock was at 29.
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