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

To: Math Junkie who wrote (53701)	10/3/2001 2:49:49 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Richard, SMH tracks AMAT since 2000, but how will it perform in an up cycle? finance.yahoo.com G.

To: Math Junkie who wrote (53701)	10/3/2001 2:50:50 PM
From: Sun Tzu	Respond to of 70976

On Topic :) I've looked at SMH. I think at these levels it is a good buy, especially if you can sell some out of money options that are a quarter or so away. Another strategy is to sell at the money 4 months out puts. Both strategies are about the same and slightly less bullish than just buying the underlying. I still have my doubts about a V recovery. good luck, ST PS if you are really bullish, you can buy 6 months out bulls spreads on SMH. Buy something in low to mid 20s and sell something in low to mid 30s. Do both as part of the same trade for good execution.