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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4244)	7/30/2000 6:25:28 PM
From: Jerome	Respond to of 5867

>>btw, what about AMKR as a hedge against over building?<< I happen to own AMKR. Bought it a short time ago at $33 per share. ( I thought it was a bottom). AMKR is due to report earnings on the 3rd of August. Expected earnings are $ .31 per share. If AMKR rises above 30 by the end of the week I will write the 35's for Aug. Its got nice volatility to it and its a good cc write. The other possibility is to wait for a decent recovery in this sector (about Labor Day) and see how things play out. Premium from covered calls can be used to increase ones cash position or when sufficient purchase another 100 shares of something that is a good covered call. I'm always looking for cheap stocks in this sector that are good option writes. Right now I would buy LTXX, INTT, EGLS (when it hits 22 and then write the 25's) and MTSN In buying these stocks I would immediately write the cc as protection against further downside. Thanks for your comment on my posting of option positions. I rarely get any feed back. But I have noticed that when I post what I consider to be a decent play, the next day that option will be very active. Keep up the good work on your web site, I review it frequently. Jerome