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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?


To: chic_hearne who wrote (6684)8/28/2000 11:06:43 AM
From: chic_hearneRead Replies (1) | Respond to of 275872
 
All of my limits went through. I'm maxed out in number of contracts again. They won't let me buy any more.

Let's hope my timing is as good as March or April, not as bad as May, June, or July.



To: chic_hearne who wrote (6684)8/31/2000 7:17:08 PM
From: TimFRead Replies (1) | Respond to of 275872
 
Chic. I think I have to much of my investment in Jan 50s right now. I was thinking about selling the 50s and buying close to the money Jan options or buying April options but the Aprils do seem to be a lot more expensive then the January's.

I think you are likely to make a good profit on your Jan 50s, but its probably a bit of a strech to call it free money. I thought the same thing about the Jan 100 (2 50s post split) that I bought at about 18.5 awile back. IMO the closet to "free money" of any investment I have open was the
'03 bull call spread I made buying 1 50 (now 2 25s) and selling 1 120 (now 2 60s). I'm already past the break even point and am very likely to have my investment go up more then 4x in 2 and a half years. (Anyone think AMD will not be over 60 by Jan 2003?) Of course your plan why more risky (and thus not free money) could pay off a lot bigger and a lot sooner.

Tim