Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.25

+0.9%

Nov 28 9:30 AM EST

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To: Wildstar who wrote (28652)	2/27/1999 2:25:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) of 70976

Wildstar, You are not crazy; just following your instinct... as I did --- believing that there should be a bounce next week. ... But I bought a 10 Call In the Money Mar 45 with almost no Time premium left. I was hoping that if the stock bounces about 2 dollars and my Option appreciates 1 dollar then I could pocket 1K by selling it quick... I'm also a small time Day/Week Trader aside from being Long most of the time. With the stock down more than 20% from its All Time HI, there is not much downside risk. It's true the Mar Option has just 3 weeks to go but has a little or nothing to lose in Time Value. I can always Roll Over the Option later on if I need more time to profit from it. Of course even your Out the Money Option will go up in value as the stock bounces.

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