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

To: kdavy who wrote (58747)	1/12/2002 4:39:00 PM
From: Tito L. Nisperos Jr.	Respond to of 70976

Kdavy, Thanks for your occasional Posting of trading the Bullish way. It's an alternative to AD's Bearish Shorting ways. Both ways still use the same technique of buying/buying to cover and selling/selling to open as the price of AMAT alternately Falls and Rises. AMAT Threaders who are new in this AMAT YoYo game meanwhile are learning and using the technique best suited to their way of thinking. As I see it, MaxPain is a good reference tool to see where we are with regards to AMAT prices. Our Bullish sentiment serves as the Moon that causes the ocean tides of prices to rise above MaxPain --- the more Bullish the Higher. Just like when the P in P/E is ahead and rising faster than the E, we are in a Bull market that will last for at least a year. On Friday when Options expire, we could see AMAT at 40 or below --- if the sentiment is a bit bearish; ... around 45 --- if mildly bullish; ... closer to 50 --- more bullish and above 50 --- very bullish. As for me, the price will YoYo between 45 and 50. (My 16 call Jan 50 are bound to expire worthless and my 10 Call Jan 40 have a chance of cutting back my losses. After that, the rest of the calls --- APRs and '03 LEAPs bought around AMAT 30 should be profitable as I enjoy waiting and watching the continuing Bull Market).