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

To: daryll40 who wrote (56358)	11/27/2001 2:24:36 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

ST trading: Selling covered calls yesterday, looks like a bad move today. The ST uptrend, which began in early October, looks intact, as we took out the 11/14 high today. The only positive aspect of this rally (from a bearish point of view) is that volume is not high. For now, I'm doing nothing, just watching. If this rally goes to 45, and then dips back to 40, I'll probably buy back those calls (if I haven't already gotten called out), as it (now) looks (to me) like 40 is not serving as resistance. Duh. Wish I'd waited one more day.