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

To: michael97123 who wrote (56347)	11/27/2001 1:03:12 PM
From: BWAC	Read Replies (1) \| Respond to of 70976

I watched as he kept digging that position deeper. 7000 shares now. AMAT at $42 would wipe out his entire month of previous trading gains. AMAT at $41 now, in a down market, in a relatively boring market, etc, etc, in a not yet ended market uptrend. I think he may be ok, but why take the risk? He was doing fine with 1000 and pressing to 2 or 3 before refiguring. Now he's in big. Big enough to quickly turn a great month bad. I'm short the Dec 45 Puts for $6, and short the equivalent stock at $41.10 right now.