Giant LEAPs... Message Board

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Strategies & Market Trends : Giant LEAPs...

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To: up3up4 who wrote ()	3/10/1997 10:15:00 PM
From: up3up4	Read Replies (1) of 315

Hi all, I guess I am going to start first... Bought some AMAT Leaps last year when semi-equip was down (after a 6 months down-trend) and is a successful play. I am trying to do the same with the networking stocks. I believe networking stocks are oversold. I think the leaders (COMS & CSCO) will be bouncing back in a hurry once all the selling/bad news are over. After waiting on the sideline for a few weeks, I bought some COMS Jan 98 32 1/2 calls today, and looking to at least double my money by year end. I am going to buy more LEAPs when CSCO and COMS built a solid base. IMO, COMS's low will be in 33-34 range, but believe CSCO will fall back to high 40s if not ~45. note: I normally trade short-term options (1-2 months), but I like to diverse my investment by buying stocks (using the profit) and LEAPS. Regards, Alex

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