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

To: michael97123 who wrote (47850)	6/12/2001 9:59:57 AM
From: kdavy	Read Replies (2) \| Respond to of 70976

mike, Today I am itching to by some puts or short some stocks. Eventhough in my B account I am 100% stocks with deep in money calls for July. I have this gut ranching feeling that we are going to go lower in next few weeks. In my trading account I am thinking about some october puts for my favorite stocks ( amat, nvls, mxim,lltc etc). I am still debating. I rarely buy puts. Mostly I play long side, and with covered calls. But the warning season, as I had mentioned in my late april posting, is in full swing. Orders are not picking up. I need some reinforcement from Jerome, Jacob, advocate devil and others. Thanks. Kdavy

To: michael97123 who wrote (47850)	6/12/2001 10:00:30 AM
From: advocatedevil	Read Replies (2) \| Respond to of 70976

FWIW, I just covered both my recent AMAT and LRCX short positions. AMAT at $51.88 (+3.93 or 7%) and LRCX at $29.40 (+2.70 or 8%) AdvocateDevil

To: michael97123 who wrote (47850)	6/12/2001 12:26:45 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

Mike... what are you thinking of buying....???? If I bought today I would wait for rebound (technical or any other kind) and then write a covered call against it. Most likely date being July 3rd or 5th. This sell off because of earnings warning is stupid... companies have been warning for months that this would not be a good quarter...why this should surprise anyone and scare the market lower, I just don't know. I think that most of these market analysts (with their advanced degrees) should go back to the college or university that gave them those advanced degrees and demand a full refund. Because its obvious that they haven't learned a damned thing. And the tuition money was a total waste. Jerome ,Phd (post hole digger)