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

To: orkrious who wrote (55145)	11/6/2001 6:26:13 PM
From: advocatedevil	Read Replies (2) \| Respond to of 70976

Jay, I also started this play last Thursday with an initial short at $35.75. If I hadn't continued to increase my position, I likely would have joined you and covered today, taking a reasonable 10% hit (and it would have only been on 1000 shares). The good news is that I'm now averaged at about $38 and could be back in the green with one decent pull-back day, but the really, really bad news is that I've more than tripled my losses on paper thus far and things could go from very ugly to downright deadly just as quickly. Sorry you had to bail on your play. It's never easy to book a loss, but it's always smarter to "live to play another day." As for me, well I might soon be moving from sippin' single-malt to chuggin' cans of malt-liquor. <g> Best of luck to you. AdvocateDevil