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


To: michael97123 who wrote (52462)9/18/2001 4:07:19 PM
From: Sun Tzu  Read Replies (1) | Respond to of 70976
 
Mike, though I said I'll stay out of the market, I could not help myself. My favorite method of buying stocks at times of high volatility is to sell near puts at strikes that I'd be buying the stock. That way, I get the shares at discount.

good luck,
ST



To: michael97123 who wrote (52462)9/18/2001 4:15:46 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 70976
 
I'm buying and will buy:

EMC LEAPs at 16, 14, 12, 10
NTAP LEAPs at 13, 11, 9, 7, 5
AMAT stock at 35, 30, 25, LEAPs at 20, 15
TXN stock at 30 and below, LEAPs at 22 and below
CSCO LEAPS at 16, 13, 10, 7
QCOM stock at 50, 45, 40, LEAPs at 35 and below
CCL stock at 19.3 (bought a bunch yesterday)
JDSU stock at 5, 4, 3, 2, 1 (but first I'll wait on this one, until it hasn't hit a new low for at least a couple of months, and has successfully retested that low)

I won't have enough buying power to make all those purchases, if they all are hit. If that happens, I'll have to think about selling some of my largest holding (CMH, cost basis 8.1, now at 12.5), to raise cash for tech stock/LEAP purchases. And, on the next 50% rally on the SOX, I'll be selling, to get off margin and raise cash for the next lower low.