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To: techreports who wrote (9128)9/11/2001 1:11:18 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 10934
 
re: Jacob what else are you looking at?

I'm buying:

EMC LEAPs at 16, 14, 12, 10
NTAP LEAPs at 13, 11, 9, 7, 5
AMAT LEAPs at 30, 25, 20
TXN stock at 30 and below, LEAPs at 22 and below
CSCO LEAPS at 16, 14, 12, 10, 8
QCOM stock at 50, 45, 40, LEAPs at 35 and below
JDSU stock at 5, 4, 3, 2, 1

If we reach the lower end of all these buy-points, I will have to sell some of my housing stock (CMH) to raise funds, and I may exchange higher-cost stock holdings for LEAPs. I will also be willing to use margin (up to 30%), the first time I've been willing to do that since late 1998.

Usually, I try to buy only one stock in each sector. However, I can't decide whether EMC or NTAP will be the winner, as their markets converge, so I am buying both. How much of each I end up with depends on how many of my buy-points are reached.

Once 2 or 3 of my buy-points have been reached, I will sell higher-cost lots on rallies, to raise cash (and get off margin), and have funds in the event of a later lower low.