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

To: michael97123 who wrote (50658)	8/16/2001 10:35:24 AM
From: daryll40	Read Replies (2) \| Respond to of 70976

I thought the same thing....it was too early for AD to cover his LCRX short. I was surprised as well.

To: michael97123 who wrote (50658)	8/16/2001 10:39:39 AM
From: advocatedevil	Respond to of 70976

Mike, I covered primarily for two reasons: 1) I was within my short-term goal range of +5% to +10%, and 2) I don't want to risk booking a win with Dell earnings coming out tonight. Dell could easily go either way IMO (regardless of what the rest of the sector is indicating) and as a result could move the market. If they bring positive news and the market moves up tomorrow, it may set up another short play opportunity, so I booked the win and live to play again. I continue to believe the SCE sector will move lower over the near term. AdvocateDevil