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

To: Jacob Snyder who wrote (61625)	3/7/2002 12:51:43 AM
From: Sam Citron	Respond to of 70976

That makes it unanimous. Not quite. I haven't yet sold or hedged my 1000 share long position bought about 3 weeks ago at 43.02. I think 45 may be possible, but 40 -- don't bet on it!

To: Jacob Snyder who wrote (61625)	3/7/2002 4:59:46 AM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Jacob, As I have posted earlier the Dorsey Wright support line is at $43. However, it may just get to the support line at $44 and then rebound. Then again it may have a shakeout drop and go to $42 where it will have a triple bottom. Looking at the DW P & F charts the most recent shakeout to $39 was a drop of $9. A $9 drop would take us to $42. Paul

To: Jacob Snyder who wrote (61625)	3/7/2002 10:17:09 AM
From: kdavy	Read Replies (1) \| Respond to of 70976

Jacob: As a trader, I have a great experience of buying too early and selling too early, and missing big runs. But in the end I have lucky, I do come home with money. My targets follow the strategy, I had been following for a while. For example, I will buy Jan 2000 50 or 55 leaps when amat hits 47 I will buy 50% equivalent ( of the calls) shares when amat hits 45 and remaining 50% amat when it hits 43 and then sleep for a few days. I think we may not have much of a downside for mxim and lltc. I will very happy to buy mxim at 50 and lltc at 40 which I am not sure I will see. Therefore, I may start nibbling sooner. Altr: will start nibbling at 21 all the way to 19. In the mean time I will try some scalping (with apologies to AD) Kdavy PS: I am getting interested in emc, I have never bought this stock. what is a better strategy to sell puts at 10 or by leaps now. PPS: Does anyone think it is wise to sell amat july 55 calls ( ~5.00) and sell amat july 50 puts ( 5.70) That will cover a range of 40 to 60 for safety beyond that it could be dangerous.