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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (12740)	8/16/2001 12:20:07 PM
From: Oleg Sogolov	Read Replies (1) \| Respond to of 19633

I am looking to make my initial entry on ADI and MXIM for tonight's earnings play. ADI already guided numbers down in its past quarter, also guiding numbers down 10% for next quarter also. I believe, the same goes for MXIM. I completely covered CHPC, EPAY, PROX today.

To: Tom Hua who wrote (12740)	8/16/2001 1:18:35 PM
From: Bob Biersack	Read Replies (1) \| Respond to of 19633

ABBEY Sez: DOW 12,500...SPX 1500 12 mon tgt

To: Tom Hua who wrote (12740)	8/16/2001 2:49:52 PM
From: SpecialK	Read Replies (1) \| Respond to of 19633

Tom, Looking at MRVL, the time to buy puts was last week. You really should buy more time than the rest of the week. With options, time is not on your side, so you need to buy as much time as makes sense. A safe bet is 3 months. You pay a premium but it's worth it. You may be right about the direction of MRVL going below 25. But allowing only a few days to a week, for it to be right, increases the chances of losing all your money. FACT: 80% of all options expire worthless. Good luck.