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

To: Henry D who wrote (50743)	8/17/2001 2:22:51 AM
From: FJB	Respond to of 70976

Short-term options require perfect timing. I recall one poster here that bought three rounds of puts on NVLS while these stocks were taking off from the last bottom (of course, the spiel these days is that there will never be an upturn - heard that before). LEAPs give you room for error. Perfect timing is hard to come by. Bob

To: Henry D who wrote (50743)	8/17/2001 4:14:57 AM
From: Tito L. Nisperos Jr.	Read Replies (2) \| Respond to of 70976

Henry D, like Robert said, it's hard to use Short-term options. Just like I did in my Demo: --- instead of buying Jul 42.50 and 45 when the stock was above 50, should have bought Oct or Jan or LEAPs, so as not to have lost close to 10K. The remaining 900 dollars used to buy Aug 50 Calls is bound to be worthless today at the close. Waiting for the Paid Analysts Calls or their eyes to open is worse --- you're bound to be left behind entirely. Like those I mentioned in my last Post --- who were saying Sell, Sell, Sell and buy AMAT in the 10s --- how many of their followers were talked-out of their fine AMAt investments? I shudder to even think of them. Many times in the past, mentioned also how, in 1996-97 a Guy in his newsletter urged his readers to sell AMAT at 22 then 40 points to the upside later --- he urged them to buy at 62! I don't know of anybody who is a consistent good timer (probably God). I make mistakes all the time, but always manage to come back due to persistence in my part.