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


To: Sun Tzu who wrote (53230)9/26/2001 5:30:15 PM
From: Sam Citron  Read Replies (1) | Respond to of 70976
 
I give it even chance that XLNX will go to 17 by year's end. So if I can get 17 for it right now, why should I hold on for the last drop?

I don't understand the logic. You can get 21.64 for it right now, so if you think it's going to 17, why not add to your short rather than pledging to support it at 17 by selling the 20 puts at 3? Do you see 17 as the bottom? Or are you intending to take profits on the naked option position on a minor bounce up from here?



To: Sun Tzu who wrote (53230)9/27/2001 11:52:03 AM
From: Sun Tzu  Respond to of 70976
 
> PPS I've been more positive on BRCM. So I closed 3000 of the short positions and treated the other 2000 same as XLNX.

Well, there goes that prediction! I think I should just keep my mouth shut and let the market tell me when sell and when to cover.

ST

PS I have a target of 24~27 on SMH. Any comments as to how that would relate to bottom fundamental ratios on SOX?