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


To: advocatedevil who wrote (64206)6/4/2002 7:08:10 PM
From: Jacob Snyder  Read Replies (2) | Respond to of 70976
 
Thanks, that makes it clearer.

<<It does, however, give me the flexibility to DT an AMAT "short" play by simply selling shares we own and buying them back to "cover." >>

The main advantage, it seems to me, is that you don't have to "cover", if the future turns out much different than you're expecting. With an actual short, the shares must be bought back at some point, so the potential risk is infinite. What you're really doing is the same thing I am: sell the rallies, buy the dips.