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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (111199)	5/16/2000 4:28:00 PM
From: Goutam	Read Replies (1) \| Respond to of 1576160

Chic, > The 3 of us closed out May options today, I'm wondering if we made the right move. I don't understand this market. I wouldn't be surprised to finish off the rest of the week with down days. I think I'm back with my trading cash if we touch $85 or so over the next few days.> I closed my May positions because of the fast deterioration in their value over the last three trading days. On Wednesday I was up by more than 200%, and by yesterday evening I was in negative with my May 90s. Today, fortunately I was able to get out with close to 100% profit. I'm going to watch AMD price action tomorrow carefully - if it goes down below $84 for no reason except due to option's expiration pressure, I may play with May80s using my trading cash. Goutama

To: chic_hearne who wrote (111199)	5/16/2000 4:29:00 PM
From: niceguy767	Respond to of 1576160

chic hearne: Re: "The 3 of us closed out May options today, I'm wondering if we made the right move. I don't understand this market. I wouldn't be surprised to finish off the rest of the week with down days. I think I'm back with my trading cash if we touch $85 or so over the next few days." Comment: I don't see much in the way of downside risk when I look at the 3 month chart...Normal trading range looks to be $85 to $105...My guess is that $92-7/8's will get tested by the close on Friday...but having said that I don't have any difficulty having taken a sure profit on my cumulative May's today as opposed to holding for a maybe profit in 3 days...market risk is just too great an influence and as we've seen on numerous occasions recently can supercede even the most formidable company fundamentals (i.e AMD) over a short term...Ultimately though, the strong comapny fundamentals do/will prevail...hence my comfort level with Oct and Jan AMD calls!