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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (4352)	2/11/2003 2:01:18 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 13403

It's not that big a change in my position. At 12, I'm not willing to buy LEAPs, there isn't enough upside, so I'm using stock. It's a hedge, with offsetting long and short positions. Actually, just a partial hedge, as my short position remains larger, for now. And these shares are not tightly held. Anything I buy over 10, and maybe over 8, is very likely to get sold on the next 50% rally in the SOX, of which we've had several in this Bear Market, and may have several more before the final bottom. With AMAT in the 8-10 area, IMO it's a toss-up whether to use stock or longest-term LEAPs. Below 8, definitely LEAPs. Above 10, definitely stock (but very very cautiously).