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

To: mitch-c who wrote (44833)	3/30/2001 3:30:21 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST Trading Mitch, FWIW, I have nothing but gut-feel to guide me on a day like this, but I feel like we five may regret today's plays in the short-term. I'm still holding an LRCX short play from yesterday that I'm going to let ride through tonight's close. I feel a warning coming on... maybe Lam, maybe a tech leader. Once again, this is simply gut-feel and I have absolutely nothing to support my thinking. AdvocateDevil

To: mitch-c who wrote (44833)	3/30/2001 3:42:33 PM
From: mitch-c	Respond to of 70976

ST - trading Ben A's next max-pain point is currently 50, with 47.5 in very close second. I usually figure that predicts "somewhere between," or 48.5 as a loose target for an APR close ... assuming no earthmoving events. Accordingly, my interpretation of the target range is (48.5-2.5)<close<(48.5+5), or 44 to 53.5. Since we're slightly outside that on the low end, I'm looking at choices for grabbing APR calls. <edit> While I typed, my order executed for ANQDI's (APR 01 calls @ 45) @ 2.75. Quick math estimates 100% profit exclusive of time premium if we move back over 50. Counting on the courage of my convictions ... - Mitch