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

To: Jacob Snyder who wrote (48267)	6/21/2001 10:07:38 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

8:56AM Semi Equipment Bookings : CIBC World Markets expects May data for semiconductor bookings/billings to show the first expansion in the book-to-bill ration in 8 months; expects uptick from an unprecedented low of 0.42:1 in April to an estimated 0.48:1 to be driven by a faster pace of erosion in the billings denominator of the ratio; firm continues to expect a Q3 trough. (copied from "Return to Sender" post on the "Wennerstrom Semi Equipment Analysis" thread) AdvocateDevil

To: Jacob Snyder who wrote (48267)	6/21/2001 11:15:06 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST Trading - Jacob, I've been rethinking my short play from yesterday and might just cover before the close today due to the BTB. I feel zero confidence in predicting the market reaction to whatever that number might be. And... there's always another play tomorrow. I'll post if I end up covering today. AdvocateDevil

To: Jacob Snyder who wrote (48267)	6/21/2001 12:16:27 PM
From: Rajiv Hargunani	Read Replies (1) \| Respond to of 70976

Jacob I have been following your posts here and on the TXN thread and your trades have been similar to mine. I have been holding AMAT for 6 years now and plan to hold on. Just another angle for you to consider on your short term trades Buy Leaps Jan03 or Jan04 and sell calls against them. Similar strategy to what Sun suggested with the Puts, but with the Nasdaq off so much from its highs, chances are the downside for the market may not be that much, possible retest of previous low. So the trick with the Puts would be to close or unwind the positions. Couple of weeks back when KLAC was at $55 or $56, I bought the Jan03@50 call on KLA for $25 and sold the July 50 for $11.50. I wont hold till expiration and will close the short end of this trade and keep the Leap and sell some other call against it. This may help you because instead of closing out your position ,like TXN now that you are long, you could sell calls once TXN reaches your target of 36. If TXN goes up from 36, you will make a few percentage points more because of the calls sold. If it goes down, you get all the premium. I have done this successfully with AMAT and NVLS because the premiums on the 1-2 month options is huge. If you sell calls against LEAPS sometimes these premiums represents 40-45% of the premium paid for a LEAP. I try and play the ranges and if that holds, cover the short end of the trade, in this case the July call. If it does break out on the upside, my gain will be very limited if any, but the future months beyond July options will be that much pricier, so I might even take a small loss on the July option and sell the Sept option against the Leap. regards -rajiv