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

To: Shoibal Datta who wrote (43581)	3/12/2001 3:56:20 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

Here's the kind of posts you see as we approach a bottom: Message 15488238 What I've been doing for the last couple of months, is looking for volatile stocks that have set up a horizontal range, and trading the range. AMAT 40-50, TXN 29-36, QCOM 50-65. The Nasdaq is still in meltdown mode. Weak at the close, mediocre volume. The strength in the semis and semi-equips today, IMO, is just denial. The Dow, also, is in denial. Look for anything that isn't at the bottom of it's valuation range, that hasn't yet given back the entire 1999-2000 bubble, and short it. Alternatively, you could celebrate every 100-point decline in the Nas by buying some longest-term calls in the highest-quality techs, and then don't look at them for a year.

To: Shoibal Datta who wrote (43581)	3/12/2001 3:57:43 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

It's become too easy to be a short. Only if you can find an uptick. Are you short?

To: Shoibal Datta who wrote (43581)	3/12/2001 5:54:26 PM
From: Jerome	Respond to of 70976

What kind of strategy works best in this environment? Any and all ideas welcome. I have been writing cc's and occasionally using the cash to buy puts Keep doing what you are doing until it stops working. I'm still up nicely for the year +9% because I got to keep all the premium from those covered calls I wrote. I'm writing covered call as close to the money as possible. Same program next month. Be cautious about my advice.I'm a registered Democrat, with few friends on this part of the Web. Jerome :-)