Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mitch-c who wrote (46793)	5/15/2001 10:05:50 PM
From: Jerome	Read Replies (2) \| Respond to of 70976

Mitch-C Your plan looks highly workable. Exactly which options are you buying or selling with the expectation that AMAT's price will fall? First of all I don't think that AMAT's price will fall to the 45 to 47 rage by Friday. Other tech companies (INTC CSCO) reported a much poorer outlook and the stocks are up from the earnings announcement. If I felt that AMAT would fall below 50 in the next three days I would be selling the May 50's or the June 55's the very first thing tomorrow morning. Currently I 'm Short AMAT and NVLS for May at the 55 strike, as well as LRCX at the 30 strike. Its nice of You to post your strategy..... we can all learn a few things. Regards, Jerome

To: mitch-c who wrote (46793)	5/15/2001 10:55:32 PM
From: advocatedevil	Respond to of 70976

ST - Trading: mitch-c, thanks for posting your trading thinking and congrats on your YTD returns. RE: "I still hold my opinion that the next major dip will be the last one. I'm leaning towards it being in the next few days." FWIW, I'm still waiting for a long position initiation point. I continue to struggle estimating when and at what price that may be. Previous dips below 40 look awfully good right now, and I suspect that I've forever missed the best opportunities. If we were to have a dip in the very near term, I'd be happy to cover and grab a win (and might even chance a short-term bounce play), but I think I'll wait just a little longer before beginning to buy for the long-term hold. AdvocateDevil