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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tito L. Nisperos Jr. who wrote (38988)	10/31/2000 10:30:31 AM
From: mitch-c	Read Replies (4) \| Respond to of 70976

Tito, my understanding of the IRA rules (both Conventional and Roth) was that you couldn't buy derivatives such as options. The only option transaction allowed in an IRA is sale (and subsequent repurchase) of covered calls. Is there some exception that I can cite for buying LEAPS in an IRA? (This isn't a "gotcha" question ... I'd like to do it if it's allowed.) - Mitch

To: Tito L. Nisperos Jr. who wrote (38988)	11/1/2000 9:54:19 AM
From: Tito L. Nisperos Jr.	Read Replies (4) \| Respond to of 70976

You could lose the entire $5,000 or you could make $100,000 or more out of it. This post is only for those who haven't tried the trick yet. This morning another Paid Analyst downgraded AMAT setting a target of $60, as per CNBC. In my dictionary he may be a winner Short Term but a clear Loser Long Term. With AMAT nearing again the 40 1/2 lowest price attained last Oct 18 --- now is the Time to put your $5,000 to work. For more info on how to do it, click on the message no. this Post is responding to. Also feel free to click on my name, then Dig on the messages included in my SI Profile. Good Luck! (Why am I doing this? I've been doing this since 1997. I just want to help, have no vested interest on this. If I could help someone, that someone could help another one, and that someone could help another and at least we could help each other make this world a better place to live in. And while we are at it, if you find a Filipino (he is probably working so hard in one of 130 countries outside the Philippines) and he did no harm to you --- just take easy with him, will you?).